Tag: Brexit

Continental Achieves Annual Targets

Stable operating performance in fourth quarter as expected Annual sales rise to around €44.4 billion (organic growth at about 3 percent) Adjusted EBIT for the year: around €4.1 billion (margin at about 9.2 percent) Free cash flow was higher than expected at about €1.8 billion 2019 outlook: Consolidated sales of about €45 to €47 billion at… Continue reading Continental Achieves Annual Targets

Rapide Attempts To Vanquish Brexit: Aston Martin Stockpiling Cars in Germany – The Truth About Cars

Brits have now been grappling with their Brexit situation for what now seems like an interminable amount of time, with no shortage of digital ink and political hot air spilled about the subject. Looking past all the posturing, however, a disorderly departure from the EU could contain serious ramifications for companies making products in Britain,… Continue reading Rapide Attempts To Vanquish Brexit: Aston Martin Stockpiling Cars in Germany – The Truth About Cars

Jaguar Land Rover car factories resume production – Coventry Telegraph

Production has resumed this week at Jaguar Land Rover’s two Midland car factories following a temporary shutdown. The Coventry car maker’s factories in Solihull and Castle Bromwich both saw shutdowns – Solihull for two weeks and Castle Bromwich for one week. Jaguar Land Rover said the Castle Bromwich shutdown was to coincide with half-term and… Continue reading Jaguar Land Rover car factories resume production – Coventry Telegraph

Under pressure to change, Ford is reinventing itself

The company has not ruled out leaving Europe altogether if its strategy fails, said a source. New York: Struggling with a sagging stock price and sluggish sales, US car giant Ford took steps to regain its footing this week with the announcement of a massive restructuring effort in Europe — even as it prepared for… Continue reading Under pressure to change, Ford is reinventing itself

Don’t blame job losses at Jaguar Land Rover and Ford on Brexit | Larry Elliott

Viewpoint column Automotive industry Don’t blame job losses at Jaguar Land Rover and Ford on Brexit Larry Elliott There are four big issues troubling the automotive industry and leaving the EU isn’t one of them Workers on the production line at the Jaguar Land Rover factory in Solihull. Photograph: Leon Neal/Getty Images Ford and Jaguar… Continue reading Don’t blame job losses at Jaguar Land Rover and Ford on Brexit | Larry Elliott

UPDATE 1-Honda to shut UK production for six days due to Brexit logistics

FILE PHOTO: The logos of Honda Motor Co. is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 25, 2017. REUTERS/Toru Hanai LONDON (Reuters) – Japanese carmaker Honda will shut its British operations for six days in April to help it counter any border disruption from the United Kingdom’s departure from the European… Continue reading UPDATE 1-Honda to shut UK production for six days due to Brexit logistics

Ford to cut thousands of jobs in shake-up

Carmaker Ford has announced plans for a major shake-up of its operations in the UK and mainland Europe. It is expected to lead to thousands of job losses across Europe, including the UK, although cuts at its UK factories are not thought to be imminent. But Ford Europe boss Steven Armstrong said should the UK… Continue reading Ford to cut thousands of jobs in shake-up

Carmaker Rolls-Royce urges UK’s May to avoid a hard Brexit

LONDON (Reuters) – Carmaker Rolls-Royce called on the British government to avoid a disorderly Brexit and said it was building up some stock, expanding warehouse capacity and training suppliers for customs changes in case Britain leaves the EU without a deal. FILE PHOTO: Rolls-Royce Motor Cars Chief Executive Officer, Torsten Mueller-Oetvoes, gestures as he is… Continue reading Carmaker Rolls-Royce urges UK’s May to avoid a hard Brexit