If there was ever a company that tracked the recent downs and ups of our car industry, it’s Unipart, which was once a division of the state-owned dinosaur British Leyland but is now a thriving independent parts and logistics firm. Neill’s worries are those of the wider industry. Tariffs would be bad, but worse would… Continue reading Brexit: what it means for the British car industry
Tag: Brexit
Volkswagen says new emission tests pose biggest threat
Sean Gallup/2017 Getty Images Sean Gallup/2017 Getty Images Related content LONDON (CNNMoney) – Global trade tensions have put automakers under pressure. But Volkswagen says new emission tests in Europe pose the biggest threat to its business. “We cannot rest on our laurels because great challenges lie ahead of us in the coming quarters — especially… Continue reading Volkswagen says new emission tests pose biggest threat
Britain’s car industry cautions: No-deal Brexit is our nightmare
LONDON (Reuters) – A no-deal Brexit would seriously damage the car industry in Britain and the European Union by raising costs and sowing chaos for carmakers and consumers alike, the head of Britain’s car industry warned on Tuesday. FILE PHOTO: Workers assemble cars at the plant for the Mini range of cars in Cowley, near… Continue reading Britain’s car industry cautions: No-deal Brexit is our nightmare
No deal Brexit is not an option, Britain’s car industry warns
LONDON (Reuters) – A no-deal Brexit is not an option for Britain’s car industry, given the costs and disruption that carmakers and consumers would suffer, the head of the country’s automobile industry group said on Tuesday. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), said carmakers were “increasingly concerned” about… Continue reading No deal Brexit is not an option, Britain’s car industry warns
UK car production hit by ‘perfect storm’
The number of cars made in the UK fell last month after domestic demand plunged due to what the industry body called a “perfect storm of events”. Production fell 5.5% in June – driven by a 47.2% drop in production for the UK market, according to the Society of Motor Manufacturers and Traders (SMMT). The… Continue reading UK car production hit by ‘perfect storm’
Aston Martin ‘sports car for the skies’
Luxury carmaker Aston Martin has unveiled plans for a personal aircraft dubbed a “sports car for the skies”. The company has teamed up with jet engine maker Rolls-Royce and engineering boffins at Cranfield University on the futuristic project. A concept aircraft was unveiled at the Farnborough Airshow, but the consortium hopes to have a flying… Continue reading Aston Martin ‘sports car for the skies’
Airbus: Ministers have ‘no clue’ on Brexit
The chief executive of planemaker Airbus has accused the government of having no idea how to take the UK out of the EU without damaging the country. Tom Enders said it “still has no clue, or at least no consensus, on how to execute Brexit without severe harm”. He was speaking as ministers prepare to… Continue reading Airbus: Ministers have ‘no clue’ on Brexit
BMW talks up UK commitment but quietly expands Dutch site
The BMW logo is seen on a vehicle at the New York Auto Show in New YorkThomson Reuters By Sarah Young and Edward Taylor LONDON/FRANKFURT (Reuters) – BMW said it is not considering moving production out of Britain because of Brexit, although the carmaker has cut its dependence on its Oxford car plant by quietly… Continue reading BMW talks up UK commitment but quietly expands Dutch site
Brexit halves new investment in British car industry, auto industry lobby says
LONDON – Uncertainty over Brexit has halved new investment in the British car industry as Prime Minister Theresa May‘s government current plans for trade after Britain leaves the EU are unrealistic, the biggest car manufacturing lobby said on Tuesday. Public announcements of fresh investments into new plant, machinery, tooling and equipment, models and model development… Continue reading Brexit halves new investment in British car industry, auto industry lobby says
Tata Motors ends down 6% on weak JLR trends
MUMBAI: Shares of Tata Motors declined 6 per cent on Monday, its third-biggest single-day fall in last one year, after analysts raised concern over JLR’s weak volume outlook, rising competition in SUV market and cash flow pressure. Analyst cut Tata Motors FY20 EPS by 3-7 per cent due to higher-than-expected capex and lower volumes. It… Continue reading Tata Motors ends down 6% on weak JLR trends