Tag Archives | Brexit

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. “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. “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. “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. “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’ “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 […]

Big Auto Makers Risk 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 due to the impact of tariffs and non-tariff barriers” Auto makers with long supply chains are at risk from short-term disruption if Britain leaves the European Union […]

“No-deal” Brexit Would Decimate UK Auto Industry: Report. “many see “no-deal” as a negotiating ploy which would quickly lead to a free-trade arrangement, given both sides have a huge amount of business which they would be reluctant to jeopardize” Because of Brexit, investment in Britain’s auto industry has dropped by 80% over 3 years, production […]

“No-Deal” Brexit Would Decimate Britain’s Autos; Or Maybe Not. SMMT Tries, And Fails to Myth Bust. Debt rating experts Moody’s Investors Services and consultants Fitch Solutions have ventured into dangerous territory; trying to predict the impact on the auto industry of Britain leaving the European Union without a deal. Moody’s puts forward some detailed and […]