By Costas Pitas GAYDON, England, May 29 (Reuters) – The boss of carmaker Aston Martin warned it was probably too late to roll out the kind of technology needed for the post-Brexit customs plan that is favoured by many British eurosceptics. Chief Executive Andy Palmer told Reuters that getting the technology in place would cost… Continue reading INTERVIEW -Not enough time for tech customs solution to Brexit – Aston Martin
Tag: Brexit
Brexit a threat to flow of goods in and out of Europe
After the Pride of York ferry sailed into the Belgian port of Zeebrugge from Hull in the UK earlier this month, dozens of cargo containers were offloaded and whisked away on lorries. The hundreds of passengers weren’t as lucky: they had to line up for border checks. Brexit risks putting UK freight in the slow… Continue reading Brexit a threat to flow of goods in and out of Europe
UK car output slumps on poor demand
The number of cars made in the UK during March fell by 13.3% from a year earlier as both domestic and overseas demand for vehicles declined. The Society of Motor Manufacturers and Traders (SMMT) said poor weather had affected production. But it said that double-digit falls in output for the both home market and exports… Continue reading UK car output slumps on poor demand
Fitch affirms Tata Motors at BB+; outlook stable
TML‘s sales volume grew by 9% yoy in medium and heavy commercial vehicles and 23% in light commercial vehicles in FY18. New Delhi: Tata Motors (TML’s) rating, which includes a one-notch uplift from its standalone rating of ‘BB’ on its linkage with Tata Sons (TSOL), reflects its position in the Indian commercial-vehicle market and the… Continue reading Fitch affirms Tata Motors at BB+; outlook stable
March decline for UK car manufacturing as industry repeats call for continued membership of customs union
147,471 cars roll off UK production lines in March, down -13.3% on same month in 2017. Output for home market falls for eighth consecutive month, by -17.7%, with exports also dropping -11.9%. Q1 manufacturing down -6.3% year on year to 440,426 units, with eight in 10 shipped overseas. SMMT restates need to maintain frictionless UK-EU… Continue reading March decline for UK car manufacturing as industry repeats call for continued membership of customs union
Hundreds of job cuts at Nissan in Sunderland
A few days after Jaguar Land Rover announced that it plans to cut 1,000 jobs at its Solihull plant in the West Midlands, it’s now Nissan’s turn to announce downsizing in Britain. Renault’s 43% shareholder announced Thursday its employees that it will launch a voluntary departure plan at its giant plant in Sunderland, in the… Continue reading Hundreds of job cuts at Nissan in Sunderland
Nissan to cut hundreds of jobs at Sunderland plant
Nissan Plummeting diesel sales deal another employment blow to the UK automotive industry Nissan would not confirm any job losses, although local reports suggested long-serving staff could be asked to take voluntary redundancy. Photograph: Christopher Furlong/Getty Images Nissan is to cut hundreds of jobs at its Sunderland plant, Britain’s biggest car factory, as plummeting diesel… Continue reading Nissan to cut hundreds of jobs at Sunderland plant
Nissan to cut hundreds of jobs at UK plant as diesel demand slides: source
LONDON (Reuters) – Nissan (7201.T) will cut hundreds of jobs at its Sunderland plant, Britain’s biggest automotive factory, as it tackles declining demand for diesel models across Europe, a source told Reuters on Friday. FILE PHOTO: Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November 2,… Continue reading Nissan to cut hundreds of jobs at UK plant as diesel demand slides: source
UPDATE 1-Nissan to cut hundreds of jobs at UK plant as diesel demand slides -source
LONDON (Reuters) – Nissan (7201.T) will cut hundreds of jobs at its Sunderland plant, Britain’s biggest automotive factory, as it tackles declining demand for diesel models across Europe, a source told Reuters on Friday. FILE PHOTO: Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November 2,… Continue reading UPDATE 1-Nissan to cut hundreds of jobs at UK plant as diesel demand slides -source
Vauxhall showrooms face axe in contract shake-up
Vauxhall says it does not expect any UK showroom staff to lose their jobs despite giving all of its 326 dealerships two years’ notice of contract termination. The carmaker, currently the second largest in the country by sales volume, said it would be proposing new deals with the “vast majority” of its franchisees under a… Continue reading Vauxhall showrooms face axe in contract shake-up