Toyota Sees Hard Brexit Disrupting $78 Million in Weekly Revenue BloombergToyota: Hard Brexit may halt UK plant The Japan NewsToyota says hard Brexit would temporarily halt UK factory The Business TimesFull coverage Go to Source
Tag: Brexit
Press Releases – Brexit: auto industry urges negotiators to avert worst-case scenario
Brussels, 17 October 2018 – Ahead of this evening’s Brexit summit, Europe’s auto manufacturers and suppliers have come together to issue a stark warning on the potentially far-reaching impacts of a no-deal scenario on their sector, which would threaten their very business model. Automobile production plants – be they in the EU27 or the UK… Continue reading Press Releases – Brexit: auto industry urges negotiators to avert worst-case scenario
Business model at Brexit without contract in danger: car industry is making dramatic appeal to EU summit
Bloomberg via Getty Images Mini-production in the UK: Not only on the island, the car manufacturers fear in a Brexit contract without chaotic conditions A Brexit without a contract would threaten the entire business model of the industry from the point of view of the European auto industry. Before the EU summit this Wednesday evening,… Continue reading Business model at Brexit without contract in danger: car industry is making dramatic appeal to EU summit
No-deal Brexit disastrous, says Ford boss
Media playback is unsupported on your device Ford’s European boss has said a no-deal Brexit “would be pretty disastrous” for British industry and could affect the company’s future in the UK. Steven Armstrong said he was “still confident” a tariff-free frictionless trade deal would be done. But he told the BBC that a no-deal outcome… Continue reading No-deal Brexit disastrous, says Ford boss
Nissan Delays Wage Talks With UK Workers on Brexit Uncertainty
Nissan Delays Wage Talks With UK Workers on Brexit Uncertainty BloombergFull coverage Go to Source
Ford U-turn: no-deal Brexit could force carmaker to reconsider UK plans
Ford Change of heart comes as AstraZeneca and Nissan also sound alarm about hard Brexit Ford’s Bridgend plant. Photograph: Dimitrios Legakis for the Guardian The US carmaker Ford has described a no-deal Brexit as a “red line” that would force it to reconsider the scale of its presence in Britain in a dramatic reversal of… Continue reading Ford U-turn: no-deal Brexit could force carmaker to reconsider UK plans
SMMT launches Brexit contingency aid package as high-risk auto suppliers brace for ‘no-deal’
RT @SMMT: Motor manufacturing in Derby and the Midlands by numbers: One in every 11 UK-built cars is manufactured in Derby …
Car industry body to launch no-deal Brexit aid package for small firms
The Society of Motor Manufacturers and Traders (SMMT) has launched a new Brexit Readiness Programme – a contingency aid package to aid companies in the UK automotive supply chain in the event of Britain leaving the European Union before failing to agree a deal. While officials from a number of major car firms, including Jaguar… Continue reading Car industry body to launch no-deal Brexit aid package for small firms
Jaguar Land Rover plans two-week shutdown
Jaguar Land Rover (JLR) is planning a two week shutdown of its Solihull plant at the end of October. Britain’s biggest carmaker blamed weakening global demand, especially in China, and has faced falling diesel sales in recent months. JLR said employees at the West Midlands plant would be paid for the duration of the shutdown… Continue reading Jaguar Land Rover plans two-week shutdown
BMW is looking for warehouses, McLaren bunkers components
Wednesday, 09/26/2018 15:45 Hardly any industry is so strongly influenced by cross-border supply chains as the car industry. All the more nervous are the companies in the face of sluggish Brexit negotiations – and develop contingency plans in the event of a chaotic leaving of Great Britain from the EU. To ensure the delivery of… Continue reading BMW is looking for warehouses, McLaren bunkers components