LONDON, Jan 8 (Reuters) – Billionaire Jim Ratcliffe’s petrochemicals firm Ineos has yet to decide where it will build its first off-road vehicle after media reports suggested last year that it could make the car in Wales. Jaguar Land Rover (JLR) stopped making its classic Defender 4×4, known the world over and with famous owners… Continue reading Ratcliffe’s Ineos still to decide on plant location for new 4×4
Tag: Brexit
Exclusive: Aston Martin triggers Brexit contingencies to prepare for no deal
LONDON (Reuters) – Aston Martin (AML.L) has hired a supply chain chief and approved Brexit plans to avoid delays by using ports other than Dover and flying in components as the carmaker prepares for a possible no deal in March, its boss told Reuters. FILE PHOTO: The Aston Martin brand logo is seen on a… Continue reading Exclusive: Aston Martin triggers Brexit contingencies to prepare for no deal
Ineos chooses Germany to develop Land Rover Defender successor – Financial Times
Ineos chooses Germany to develop Land Rover Defender successor Financial Times Jim Ratcliffe, the founder of Ineos and a prominent Brexit supporter, has selected German companies to develop his successor to the Land Rover Defender. Go to Source
The Mini saga takes the wave of the electric
For 60 years, Mini will afford a cure of electrons. Born in 1959, the luxury brand “so British” must present in six months its all-electric version, which it plans to launch at the end of the year. “The triptych, urban, compact and electric makes sense,” says Pierre Jalady, director of Mini France. A good way… Continue reading The Mini saga takes the wave of the electric
China's First Car Sales Dip in 3 Decades Stirs Stimulus Talk
(Bloomberg) — China vehicle sales fell for the first time in 28 years, raising the prospect of a government-led stimulus to revive demand in the world’s biggest auto market as consumers from Europe to U.S. balk at buying new cars. Deliveries of passenger vehicles to dealers fell 4.1 percent to 23.7 million units last year,… Continue reading China's First Car Sales Dip in 3 Decades Stirs Stimulus Talk
Demand for Combustion Engine Cars May Have Peaked in 2018
No Sale The reign of the fossil fuel-powered car may be ending. In a report published on Sunday, several experts told the Financial Times that they believe sales of fossil fuel-powered internal combustion engine (ICE) vehicles peaked in 2018, meaning that it’s unlikely that more ICE cars will be sold in any future year— and if they’re correct,… Continue reading Demand for Combustion Engine Cars May Have Peaked in 2018
We are telling investors to avoid Tata Motors: Mahantesh Sabarad, SBI Cap Securities
JLR is a worry for Tata Motors and the domestic market may not necessarily help it provide a hedge against the JLR’s poor performance. JLR is a big problem for Tata Motors at this juncture, Mahantesh Sabarad, Head, Retail Research, SBI Cap Securities told in an interview:Edited Excerpts:ET Now: What is your outlook for 2019?… Continue reading We are telling investors to avoid Tata Motors: Mahantesh Sabarad, SBI Cap Securities
‘Grounds for optimism’ over Brexit deal – Clark – Hermann Herald
It comes as leading Conservative Brexiteers urge in favour of a Canada-style agreement. Theresa May said her proposals, which , remain the only viable option for an exit agreement. Mr Clark told Radio that “of course we want a deal”, adding that there “are grounds for optimism that we can can reach an agreement”. 0:22… Continue reading ‘Grounds for optimism’ over Brexit deal – Clark – Hermann Herald
UK car production tumbles in November
Production of cars in the UK tumbled by almost 20% in November compared with a year earlier, according to the industry’s trade body. The Society of Motor Manufacturers and Traders (SMMT) blamed weaker demand in the UK and in export markets. It also said changes in regulation and the introduction of new models and technology… Continue reading UK car production tumbles in November
Truckmaker Volvo builds safety stockpiles to prepare for no-deal Brexit
STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) has triggered its hard Brexit contingency plans, with the truckmaker building “safety stock” with its British dealers and considering alternative shipping routes to minimise disruption. FILE PHOTO: A worker holds a component for a Volvo truck at the Muller manufacturing facility in Redditch, Britain August 28, 2018. REUTERS/Darren… Continue reading Truckmaker Volvo builds safety stockpiles to prepare for no-deal Brexit