Britain’s Auto Business Fears Brexit Plan Defeat Spells Doom. ‘No deal’ must be avoided at all costs-SMMT. “However, the longer term picture is by no means so bleak. Over half of UK new car exports are to markets outside the EU, a share that has been steadily increasing over recent years” Parliament’s rejection of Prime […]
Tag Archives | Brexit
Brexit “Crash Out” From The EU Might Be No Bad Thing
Brexit “Crash Out” From The EU Might Be No Bad Thing. “A hard Brexit will cost JLR more than $1.5 billion – it’s horrifying, wiping out our profit, destroying investment in the autonomous, zero-emissions (world) we share” “Trading under the WTO option is my preferred alternative to Chequers, as was – and most certainly is […]
Paris Auto Show: Brexit Fears Spook Carmakers
Paris Auto Show: Brexit Fears Spook Carmakers. “If you ask me for my gut feeling, I have difficulty imagining something will happen that will go against the economic interest of the country,” Europe’s carmakers, gathered in Paris for the biennial auto show, are getting increasingly nervous about the lethal prospects for Brexit, which will be […]
JLR Brexit Bluster Camouflages Underlying Profit Problems
JLR Brexit Bluster Camouflages Underlying Profit Problems. “However JLR has issues beyond Brexit and a best case scenario – one in which the U.K. remains in the customs union – will not answer the fundamental questions surrounding the profitability of the company” Jaguar Land Rover (JLR) was all over the media in Britain saying a […]
E.U. Deal Still Most Likely, So Auto Industry Can Relax
E.U. Deal Still Most Likely, So Auto Industry Can Relax. “that puts us in a stark position: if they could not pass then we would be in the semi-catastrophic position of having to stop production” The debate about the impact on the British auto industry of leaving the European Union (E.U.), otherwise known as Brexit, […]
Europe Elections Could Undermine Euro, Wound Germans
Europe Elections Could Undermine Euro, Wound Germans. “There’s no doubt at all that German industry has been hugely helped by the euro” “If Le Pen wins, unlikely at the moment, that would be the end of the euro and she would reinstate the franc” President Donald Trump has said the European Union (E.U.) is really […]
Ford Europe Profits Hit Record In 2016
Ford Europe Profits Hit Record In 2016. Profit This Year Will Suffer From $600 million Currency Hit. Ford Europe reported a record $1.2 billion pre-tax profit for 2016, then announced a day later that because of the fall in sterling since the Brexit vote June 23, it would take a $600 million charge in 2017. […]
Does Nissan U.K. Decision Mean Bluff Was Called?
Does Nissan U.K. Decision Mean Bluff Was Called? “The huge Sunderland plant is a crucial global manufacturing hub for Nissan and even if its trading position had weakened a bit, moving it elsewhere would have been very difficult to do” Nissan Motor Co’s decision to build two new SUVs at its British factory shows the […]
Evidence Will Soon Show If Brexit Negative Predictions Right
Evidence Will Soon Show If Brexit Negative Predictions Right. “(October) might begin to answer whether the impact of the Brexit vote will start to reverberate” The doom and gloom forecasts for Britain’s car industry and Brexit haven’t materialized, but some experts worry that the European sales figures for October published early next month will reveal […]
Nissan Deal Means U.K. Can Resume Output Increase-Report
Nissan Deal Means U.K. Can Resume Output Increase-Report. “it shows a resolute determination and prioritisation amongst negotiators to secure a free trade deal for UK manufacturing ” Britain’s car production will increase at a faster than predicted rate from 2018 to 2019 following the decision by Nissan Motor to not only retain output at its […]
