EU, British Auto Makers Say Free Trade Deal Failure Will Cost $130 billion. “ONS data shows WTO might not be a disaster for U.K. Auto” The European Union (EU) and Britain must urgently seal a free-trade trade deal because failure would cost Europe’s automotive industry about €110 billion ($130 billion) in lost trade over five […]
Tag Archives | Brexit
Carmageddon – Brexit & Beyond for UK Auto.
Brexit & Beyond for UK Auto. Alan Tovey, Business Editor “Daily Telegraph” reviewed this book and wrote: “This is basically THE reference book for anyone interested in UK automotive. It’s the ground zero of informed thinking.”Brexit will bring many changes to the UK – and none more so than in the auto industry. This follow […]
Brexit Finally Happening, But Investment Awaits Clarity
Brexit Finally Happening, But Investment Awaits Clarity. “There are carmakers waiting for concrete details on future trade to make decisions over their U.K. operations” Automotive manufacturers operating in Britain were relieved that the Conservative Party’s victory at the election on December 12 indicated that the long controversy over Brexit might end soon, although they probably […]
Brexit Bad News For Automakers, But Some See Liberation
Brexit Bad News For Automakers, But Some See Liberation. “I think Britain and the British people have made the wrong decision and that means the industry will go down and down and down” “UK’s remarkable success when trading under WTO rules” Britain’s automotive manufacturers and importers are almost 100% in agreement that Brexit is a […]
Brexit – Economic Disaster Or Opportunity?
I was invited to talk to the Vehicle Remarketing Association Seminar 2020 Vision. My task was to address the question Brexit – Economic Disaster Or Opportunity? “Discuss the likely positive and negative effects of Brexit on the motor industry in the short, medium and long term” This is what I said The argument about Brexit […]
Brexit Worries Mount As Deadline Nears
Brexit Worries Mount As Deadline Nears. “While we don’t comment on speculative scenarios, our plans for Qashqai production in Sunderland have not changed” The automotive industry continues to be concerned over the possible impact of Britain’s departure from the European Union (EU), and unconfirmed media reports suggesting the U.K.’s industry could be decimated if it […]
UK Auto Industry Spooked By Possible “No-deal” Brexit
UK Auto Industry Spooked By Possible “No-deal” Brexit. “As the Brexit clock ticks ever closer to midnight, this survey reveals the bleak future that awaits this vital sector in the event of ‘no-deal’” The automotive industry in Britain is getting increasingly nervous that as Brexit negotiations with the European Union (EU) reach a climax, they […]
Auto Makers Risk Short-term Disruption From “No-deal” Brexit
Auto Makers Risk Short-term Disruption From “No-deal” Brexit. “In the longer term, an extended period of trading on WTO terms would act as a drag on corporate performance” Auto makers with long supply chains are at risk from short-term disruption if Britain leaves the European Union (EU) without a deal, Fitch Ratings said in a […]
Tavares Raises Brexit Temperature With Fierce Rhetoric
Tavares Raises Brexit Temperature With Fierce Rhetoric. “With a no-deal (Brexit) you are going to destroy the lives of the next generation of people in the U.K. and that’s not fair, so a deal is a must” As the Brexit deadline of October 31 approaches and the possibility Britain and the European Union (EU) might […]
European Auto Industry, Including U.K., Demands No ‘No-Deal’
European Auto Industry, Including U.K., Demands No ‘No-Deal’ “Imagine that, during the campaign, someone had said: “If we vote Leave, fine, but we won’t actually be able to do it unless we then get the EU’s explicit permission.” No one would have dared say anything so absurd” Europe’s carmakers published a joint statement demanding that […]