Tag: Brexit

Brexit uncertainty a disgrace, says Airbus

European plane maker Airbus has warned that it could move wing building out of the UK in the future if there is a no-deal Brexit. The firm’s chief executive, Tom Enders, said the firm “will have to make potentially very harmful decisions for the UK” in the event of no deal. Mr Enders said it… Continue reading Brexit uncertainty a disgrace, says Airbus

More dealers see Brexit as biggest threat to their business

The number of dealers who see Brexit as the top threat to their business in 2019 has rocketed as the 29 March exit deadline approaches. The latest quarterly Dealer Satisfaction Survey from Close Brothers found that 35% of dealers see Brexit as the top threat to their business compared to just 21% a year ago.… Continue reading More dealers see Brexit as biggest threat to their business

Exclusive: Worst-case no-deal Brexit puts Bentley’s return to profit at ‘fundamental risk’

CREWE, England (Reuters) – Loss-making carmaker Bentley is on track to be profitable this year but a worst-case no-deal Brexit puts that at “fundamental risk”, its boss told Reuters, adding that the chance of Britain leaving the EU on March 29 with a deal now seemed “fairly low.” The Bentley name is seen inside a… Continue reading Exclusive: Worst-case no-deal Brexit puts Bentley’s return to profit at ‘fundamental risk’

Carmakers ramp up preparations for a no-deal Brexit

Automotive industry A host of major manufacturers move their business from UK regulators and stockpile parts All new car models sold in the UK and the EU must gain ‘type approval’ from regulators. Photograph: Geoff Caddick/AFP/Getty Images Carmakers are ramping up their preparations for a no-deal Brexit, with a host of major manufacturers moving regulatory… Continue reading Carmakers ramp up preparations for a no-deal Brexit

Automakers prepare for worst as Brexit looms – Automotive News Europe

Britain would suffer most if it lost free trade with European markets since 80 percent of vehicles assembled in the country are exported, mostly to the European Union. But for Germany the stakes are also high. In 2016, Britain was the largest single export market for German manufacturers, who sold 800,000 new cars there, or… Continue reading Automakers prepare for worst as Brexit looms – Automotive News Europe

No-deal-Brexit would be “catastrophic” according to Ford: To equip British carmaker against the Brexit boom

For months, British carmakers warn of the heavy consequences of a disorderly EU exit. The automakers then face customs barriers that would severely disrupt their supply chains. The industry is working hard on contingency plans for the horror scenario of no-deal brexit. Half a year ago, Jaguar Land Rover (JLR), the largest British automaker, had… Continue reading No-deal-Brexit would be “catastrophic” according to Ford: To equip British carmaker against the Brexit boom

Press Releases – Steel import restrictions now definitive, leaving EU auto manufacturers “extremely disappointed”

Brussels, 16 January 2019 – The European Automobile Manufacturers’ Association (ACEA) is extremely disappointed by the decision of EU member states to support the European Commission’s proposal to adopt definitive measures that will continue to restrict imports of steel into the EU. These measures do not take into account the needs of downstream users of… Continue reading Press Releases – Steel import restrictions now definitive, leaving EU auto manufacturers “extremely disappointed”