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’
Tag: Brexit
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
BMW threatens British with “alternative plans”
Saturday, 06/23/2018 12:37 clock The carmaker BMW warns Great Britain before the consequences of a hard Brexit. Clearness is needed by the end of the summer, said BMW representative in the UK, Ian Robertson, BBC broadcaster. The Munich company also represents the brands Mini and Rolls-Royce It has around 8,000 employees on the island. “If… Continue reading BMW threatens British with “alternative plans”
BMW joins Airbus in Brexit warning
In this Wednesday, March 21, 2018 photo the logo of German car manufacturer BMW is pictured at the headquarters in Munich, Germany.Photo/Matthias Schrader, file) London: Car giant BMW has followed plane-maker Airbus in warning about the consequences of Brexit uncertainty. BMW UK boss Ian Robertson has said clarity is needed by the end of the… Continue reading BMW joins Airbus in Brexit warning
ERJ Business News Tracker
SBR shut-downs in China… EU chemical output up… India NR warning… Pirelli in F1… SBR prices’ uptrend… German rubber pay rise… Wanli shelves US tire plant?… Rubber share prices… India tire price hikes… BMW investing in 3D technology… JUNE 2018 15/6 China’s Shen Hua Chemical Industrial is planning to carry out maintenance work on a 70… Continue reading ERJ Business News Tracker
CBI chief: ‘Car firms face Brexit extinction’
Sections of the UK car industry face extinction unless the UK stays in the EU customs union, the president of the CBI has said. Paul Dreschler also said there was “zero evidence” that trade deals outside the EU will provide any economic benefit to Britain. But the government said it was “focused on delivering a… Continue reading CBI chief: ‘Car firms face Brexit extinction’