Tag: 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”

Carmaker JLR urges UK lawmakers to prevent a no-deal Brexit

A worker arrives at Jaguar Land Rover’s Halewood Plant in Liverpool, Britain, January 10, 2019. REUTERS/Phil Noble LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (JLR) urged MPs to rule out the possibility that the country leaves the European Union without a deal, to prevent companies from having to make costly contingency planning. JLR… Continue reading Carmaker JLR urges UK lawmakers to prevent a no-deal Brexit

What the cooperation of Volkswagen and Ford means: VW and Ford – the emergency alliance of the giants

Cooperation was and is not uncommon in the automotive industry. For decades she has been practicing different style flowers – usually with moderate success. At the beginning of the 1990s, there was only one panacea for the CEOs of large manufacturers: growth through takeover. So Daimler bought the American manufacturer Chrysler, BMW, the British carmaker… Continue reading What the cooperation of Volkswagen and Ford means: VW and Ford – the emergency alliance of the giants

German carmakers warn hard Brexit would be “fatal”

FRANKFURT (Reuters) – German carmakers on Wednesday warned of fatal consequences if Britain left the European Union without a divorce deal, predicting job losses in Britain and Europe and urging lawmakers to redouble efforts to ensure tariff-free trade can continue. FILE PHOTO: Cars for export stand in a parking area at a shipping terminal in… Continue reading German carmakers warn hard Brexit would be “fatal”

‘I’ve assumed the worst’: Aston Martin and Bentley brace for slow-motion Brexit crash – Brisbane Times

Loading Aston Martin’s board before this week authorised contingency planning for Brexit that included shipping car components via air freight to allow for the use of ports other than Dover, which faces potential chaos in a no-deal scenario. For the last eight months, Volkswagen AG-owned Bentley has likewise supplied some parts through an alternative port,… Continue reading ‘I’ve assumed the worst’: Aston Martin and Bentley brace for slow-motion Brexit crash – Brisbane Times

Citi says chance of delay to Brexit now “very high”

FILE PHOTO: The logo of Citibank is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha LONDON (Reuters) – U.S. investment bank Citi (C.N) said on Tuesday there is now a “very high” chance that Brexit will be delayed past March 29, after lawmakers defeated Prime Minister Theresa May’s Brexit divorce… Continue reading Citi says chance of delay to Brexit now “very high”

Toyota urges support for PM’s Brexit deal

Toyota’s Europe boss has reiterated his support for the Prime Minister’s Brexit deal ahead of Tuesday’s key Commons vote. Dr Johan van Zyl said the deal was vital to protecting the UK car industry and would stop a damaging no deal exit. His intervention comes days after Jaguar Land Rover and Ford announced thousands of… Continue reading Toyota urges support for PM’s Brexit deal