Tag: Brexit

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

Interview: BMW CEO Harald Krueger on 3 Series Importance, Future EVs – Motor Trend

It will be a fantastic design, very emotional. You have seen the show car. It will have up to 700 kilometers (435 miles) of electric range. It is much faster than some other cars from 0 to 60. It comes with the latest generation of connectivity, materials, and design. View 94 Photos The BMW iVision… Continue reading Interview: BMW CEO Harald Krueger on 3 Series Importance, Future EVs – Motor Trend

Ratcliffe’s Ineos still to decide on plant location for new 4×4

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

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

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