Automotive industry Analysts say carmaker will outline job cuts in new year as part of drive to combat Brexit and falling sales Up to 5,000 roles at JLS could go in 2019, say analysts. Photograph: Bloomberg/Bloomberg via Getty Images Jaguar Land Rover is planning to announce thousands of job cuts in the new year as… Continue reading Jaguar Land Rover to ‘axe up to 5,000 jobs’
Tag: Brexit
BMW CEO Harald Krueger talks Brexit, future of electric cars – Economic Times
BMW announced the Vision iNext, a fully electric, fully autonomous concept car this week at the Los Angeles Auto Show. In an interview with The Associated Press, CEO Harald Krueger said the company plans to continue to increase its production of electric vehicles and that he has to respect the British decision on Brexit. Go… Continue reading BMW CEO Harald Krueger talks Brexit, future of electric cars – Economic Times
Hoarding for Brexit sparks race for warehouse space in Britain
LEIGHTON BUZZARD, England (Reuters) – In a vast warehouse complex 40 miles north of London, staff are wrestling with ways to cram in more goods after a surge in demand from companies building stockpiles ahead of Brexit. An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018.… Continue reading Hoarding for Brexit sparks race for warehouse space in Britain
Toyota: no-deal Brexit may cost up to £10m a day in lost production
Brexit Company urges MPs to back Theresa May’s deal to avoid disruption to supply chains Toyota’s plant in Burnaston, Derbyshire. Photograph: Toyota/PA Toyota has said a no-deal Brexit would put production of £10m worth of cars a day at risk as it urged MPs to ratify Theresa May’s deal next week. The deputy managing director… Continue reading Toyota: no-deal Brexit may cost up to £10m a day in lost production
UPDATE 2-Ford backs PM May’s Brexit plan to avoid no-deal ‘catastrophe’
LONDON (Reuters) – Carmaker Ford (F.N) backed Prime Minister Theresa May’s Brexit deal on Thursday to avoid a no-deal “catastrophe,” but said she still needed to guarantee long-term frictionless trade, which is key to the future of its plants in Britain. A logo of a Ford car is pictured during a press presentation prior to… Continue reading UPDATE 2-Ford backs PM May’s Brexit plan to avoid no-deal ‘catastrophe’
Ford Europe boss says no deal Brexit would be a “catastrophe”
A logo of a Ford car is pictured during a press presentation prior to the Essen Motor Show in Essen November 30, 2012. REUTERS/Ina Fassbender LONDON (Reuters) – U.S. carmaker Ford (F.N), Britain’s biggest automotive engine builder, warned that a no-deal Brexit would be a “catastrophe” and that the agreement between London and Brussels should… Continue reading Ford Europe boss says no deal Brexit would be a “catastrophe”
BMW chief says considering second U.S. manufacturing plant
FILE PHOTO – A car with the BMW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst LOS ANGELES (Reuters) – BMW (BMWG.DE) is considering a second U.S. manufacturing plant that could produce engines and transmissions, Chief Executive Harald Krueger said on… Continue reading BMW chief says considering second U.S. manufacturing plant
‘No deal’ Brexit catastrophic blow to British auto industry, warn businesses in new survey
RT @SMMT: Business Secretary @GregClarkMP tonight announced £25m of new Advanced Propulsion Centre funding for projects with @JLR_News, @Fo…
Aston Martin to more than double production by 2025: CEO
ABU DHABI (Reuters) – Luxury carmaker Aston Martin (AML.L), has not yet seen a slowdown in its key markets and aims to more than double the number of cars it makes by 2025, its chief executive said on Sunday. FILE PHOTO: Andy Palmer, CEO of Aston Martin, poses for a photograph next to the company’s… Continue reading Aston Martin to more than double production by 2025: CEO
Vauxhall workers stage mass walkout
Every union worker at Vauxhall’s Ellesmere Port car plant has walked out in protest at planned job cuts. John Cooper from Unite said all 1,100 employees at the site are union members and every one had gone on strike. Vauxhall is planning a “phased reduction” of 241 jobs as part of a restructuring at its… Continue reading Vauxhall workers stage mass walkout