Tag: Brexit

Carlos Ghosn continues as Renault boss until 2022

Renault Group boss Carlos Ghosn has been tasked with making the Renault-Nissan-Mitsubishi Alliance “irreversible” by ensuring better integration, as the company’s board of directors decided to renew his position for another four years.  Implementing Renault’s ‘Drive the future’ mid-term plan will be Ghosn’s main focus, with that plan ending in the same year as Ghosn’s extended tenure comes… Continue reading Carlos Ghosn continues as Renault boss until 2022

Ineos Grenadier: prototypes due in 2018 under new engineering deal

German engineering firm MBtech, which is part-owned by Mercedes-Benz, has signed a deal with Ineos Automotive to engineer its Land Rover Defender-inspired Projekt Grenadier SUV. The technical tie-up will involve MBtech allocating 200 full-time engineers to the project from its Stuttgart base. According to Ineos Automotive CEO Dirk Heilmann, the deal will: “bring together German engineering and British design and entrepreneurship”.… Continue reading Ineos Grenadier: prototypes due in 2018 under new engineering deal

Government publishes Brexit impact reports

The Department for Exiting the European Union has published a set of reports providing sectoral analysis on the impact of Brexit across a variety of key sectors including ‘automotive’. A wide mix of qualitative and quantitative analysis was carried out following the referendum and the findings have been collated into a range of sector-specific reports,… Continue reading Government publishes Brexit impact reports

Deloitte anticipates the disastrous impact of Brexit on cars

The so-called “hard Brexit” scenario will have disastrous consequences for the British car industry, according to a study by Deloitte. The radical version of Brexit will take the UK back ten years, at the height of the financial crisis. This is the conclusion drawn by the Deloitte study, published on February 8, 2018. In its… Continue reading Deloitte anticipates the disastrous impact of Brexit on cars

Record engine production in 2017 as demand grows, home and abroad

British engine manufacturing rises 6.9% to all-time high of 2.7 million units in 2017.1 Home demand sees fastest growth – up 9.7%, while global demand rises to almost 1.5 million units. UK engine manufacturing now worth £8.5bn, supporting 8,000 British jobs – 3,350 in diesel engine production alone. Mike Hawes, SMMT Chief Executive, said, This… Continue reading Record engine production in 2017 as demand grows, home and abroad

2017 UK car manufacturing declines by -3% but still second biggest output since turn of the century

1.67m cars built in the UK in 2017, a decline of -3.0% with production for domestic demand down -9.8%. Car exports remain at historically high level, down just -1.1% with 1.34m shipped worldwide – 79.9% of total production. British engine manufacturing at record-ever levels, with 2.72m produced, up 6.9% on 2016. SMMT restates need for… Continue reading 2017 UK car manufacturing declines by -3% but still second biggest output since turn of the century

Ford UAW workers will get $7,500 profit-sharing checks

But low to moderate gas prices have propelled robust sales of large pickup trucks such as the 2016 Ford F-150 pickup that improved its fuel economy from the prior generation by using aluminum body panels. (Photo: Ford Motor Company) Ford Motor Co. said Wednesday afternoon that its year-end earnings were down slightly from analyst projections due… Continue reading Ford UAW workers will get $7,500 profit-sharing checks

Jaguar Land Rover to cut production at Halewood plant

Jaguar Land Rover has announced its intention to trim Range Rover Evoque and Discovery Sport production, citing challenges facing the auto industry, including Brexit. The UK’s largest car manufacturer said it would adjust output at its Halewood plant on Merseyside between March and June despite a record year of sales for the company worldwide in… Continue reading Jaguar Land Rover to cut production at Halewood plant