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
Tag: Brexit
‘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
Jaguar Land Rover to ‘axe up to 5,000 jobs’
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’
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”