HomeThemesTypesDBAbout
tag: automotive ×298

items

Some UK carmakers and drivers face higher costs under the Brexit trade agreement, with an expert warning little-noticed parts of the deal are a “big loss” for Britain.
Ralf Speth is concerned delays in the supply chain could halt production and repeats warnings a hard Brexit could cost £1.2bn.
The Historic and Classic Vehicles Alliance says jobs could be lost through Brexit bureaucracy and poorly-targeted environmental legislation.
UK automotive industry puts the record straight on ‘no deal’ Brexit impact, as Parliament debates the meaningful vote.
Kautex Textron said the closure of its Ystrad Mynach site in Caerphilly county was being considered.
GKN is planning to shut an automotive factory in Birmingham with the loss of 500 jobs.
Almost all car makers in the UK are having a hard time figuring out new trade rules post-Brexit, the Society of Motor Manufacturers and Traders (SMMT) said on Thursday, as it announced that UK car production rose for the first time in 18 months.
Ministers insisting Brexit has been good for the economy need to fix the "industrial car crash" caused by leaving the EU, Andrew Marr has said.
David Bailey examines the potential impact of new ‘rules of origin’ requirements for Battery Electric Vehicles (BEV) under the Brexit trade deal, arguing that tariffs on UK-EU BEV trade would be self-defeating when both the UK and the EU are trying to encourage a switch to electric vehicles in order to reach net zero.
The world’s largest seller of electric and hybrid cars will not consider building its first European car factory in the UK because of the impact of Brexit.
The world’s fourth-biggest carmaker by sales has warned of a potential existential threat to large parts of the British car industry unless the government moves to alter the terms of its Brexit trade deal with the European Union.
Wales' automotive industry faces more challenges over future Brexit trade changes, according to experts. / The Welsh Automotive Forum said new checks on imports and rules over where car parts can come from could add to customs disruption when they are introduced.
Luxury carmaker Bentley (VOWG_p.DE) said free trade with Europe not the United States was its priority as Britain negotiates its new relationship with the European Union...
Bentley’s Chief Executive says a combination of rules of origin mandates and trade uncertainty places the UK’s auto industry in a precarious position.
Britain's car industry risks losing out even if there is a post-Brexit trade deal with the EU, according to documents seen by the BBC.
Suggestion that carmaker could produce vehicle in Germany instead of Oxford comes amid fears over Vauxhall’s future.
Another carmaker slams the brakes on prospects for its UK workers if Britain leaves the EU without a deal.
Manufacturing of engines destined for South Africa plant is switched to Germany. / BMW has moved some of its engine production out of the UK because of Brexit uncertainty.
David Bailey looks at the implications of BMW’s decision to stop producing the electric MINI at its Oxford plant and sets out what the decisions tells us about the UK automotive industry post-Brexit.
The UK government will ultimately back away from a no-deal Brexit because trading on World Trade Organisation rules with Europe would be simply too damaging for UK business after the Covid crisis, Peter Mandelson has predicted.
The car giant behind Vauxhall is looking for an off-ramp. Are these the ‘sunlit uplands’ we were promised?
The UK left the EU at the end of 2020, and according to the latest figures from the Office for National Statistics, Brexit has already led to a significant slump in trade between the EU and the UK... / Brexit supporters endorsed the idea of CANZUK – an alliance between the UK, Canada, Australia and New Zealand.
Brexit-backing billionaire Jim Ratcliffe is in talks to build his Grenadier off-road vehicle, a paean to Britain’s adventurous spirit, in France.
It’s not the additional costs themselves, but more about the time and hassle for extra admin.
CONFUSING and bureaucratic post-Brexit rules are affecting local tourist businesses as foreign exhibitors steer clear of Beaulieu motoring events, Lord Montagu has warned.
Britain and the EU are holding negotiations over the issue but Brussels is expected to maintain a hardline until the autumn.
With 70 per cent of vans being exported into mainland Europe, tariffs could make the future of the plant unworkable.
British car factories could be forced to close if the UK does not renegotiate the current Brexit deal, according to one of the largest automakers in the country.
British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated, Stellantis has told the UK parliament, the latest in a series of warnings from the industry since the country left the European Union.
Car manufacturers appear to be hitting the accelerator out of Britain as the country moves toward an exit from the European Union. More than 1,000 jobs are set to be lost at Ford's engine plant in Wales, German auto-maker BMW is reportedly considering the viability of its Mini plant in Oxford while Nissan wants the U.K. government to guarantee suppliers for its plant in North East England.
The price spike comes amid warnings from hauliers that delays at Calais and other French ports are set to deteriorate further.
We were promised sunny uplands and a oven ready deal: instead we've been served extra helpings of cow excrement. As Nigel Farage admits Brexit is a disaster, car manufacturers threaten to walk and Keir Starmer calls for a renegotiation, it's time to accept reality.
Our historic mistake and lack of government action are creating costs that rivals don’t have to bear.
Slashing tariffs to zero on the majority of UK imports in the event of a no-deal Brexit will be a “sledgehammer for the economy” and deliver a widespread shock across the country, business groups have warned.
Revenue has warned that anyone buying a used car from the UK needs to be aware of the significant additional costs that may apply, following the end of the Brexit transition period.
120,000 exporters need to prove source of goods going to EU. / Carmakers face existential threat without rules of origin deal.
Car production fell 45% in April. / A move to temporarily halt car production in the runup to the original March 29 Brexit deadline slashed UK car production in April by almost half – the largest amount since Britain was in the midst of a recession.
Ford has admitted the UK’s departure from the EU has not helped the production of its electric E-Transit Custom. / Hans Schep, general manager Ford Pro Europe, said: “Brexit is not making our life easier.”
Stellantis has called for the UK government to renegotiate certain parts of its Brexit deal to ensure the UK remains competitive when it comes to car making.
One of the world’s biggest carmakers has warned it may be forced to close its UK factories if the government can’t renegotiate part of the Brexit deal with the EU.
New Brexit tariffs on electric car parts threaten the future of Vauxhall’s huge factory in Luton, the plant’s director has warned.
Shaky foundations a big problem for companies mulling investment in UK, inquiry told - despite PM’s boast of ‘a resolution’ of Europe issue.
More Japanese firms could follow Honda and leave Britain in the coming months if the uncertainty caused by Brexit is not lifted soon, the country’s ambassador has said.
Revenue chairman Niall Cody tells PAC the number of second-hand car registrations may only reach 40,000 this year.
Industry insiders blame the shift on the travel-throttling coronavirus and Brexit, which has made transporting cars and tools across the Channel more costly and onerous.
Ineos Automotive Ltd., owned by chemicals tycoon and Brexit-backing billionaire Jim Ratcliffe, said it would build its electric 4x4 at a factory in Graz, Austria.
One term that keeps cropping up in discussions around Brexit is the customs union. What is it and how does it work?
he man who wants to rip up his own deal with Europe is wrong about our absolute right to drive. / Lord Frost, negotiator of the disastrous 2019 Brexit withdrawal agreement, is now turning his dubious capacity for foresight to the future of the car.
The unsurprising collapse of Britishvolt, and the total lack of strategy or investment in batteries, will be the final nail in the coffin for the car industry.
The United Kingdom will delay the introduction of border checks on imports from the European Union by as much as six months in a bid to avoid piling on the pain for British business and choking off vital food supplies.
Without a deal, the country’s departure from the European Union will be a disaster.
Britain's biggest car plant has so far weathered the coronavirus pandemic and a major corporate restructuring. But it may not survive Brexit.
As the prospect of no deal looms, even the promises of aid offered by the May government seem a distant memory.
Research suggests one in five people have a food, drinks and medicine hoard worth £380.
Number plates in Wales displaying the Welsh dragon or Cymru symbols will be forced to add new ‘UK’ stickers when driving abroad.
World’s biggest electric and hybrid carmaker BYD ruled out UK factory because of Brexit, after new law scraps US debut.
Louise Brown, who organised the vigil, said a 'no deal' Brexit and trade deal between the UK and Japan need to be secured.
Canada said no trade talks are in progress - despite Business Secretary Kemi Badenoch "explicitly" telling MPs discussions "have not broken down".
Falling value of pound contributes to UK drivers paying up to £98 more per month for cars.
An industry leader told MPs that the movement of parts is a ‘major challenge’.
One of the world's largest carmakers has said it will be unable to keep their commitment to make electric vehicles in the UK without changes to the Brexit deal.
Extra Brexit costs can add up to 30 per cent to vehicle purchase prices.
The head of the SMMT has said that he a no-deal would be devastating for the automotive industry.
Production of four of Nissan's car models in Sunderland fell by 10.7% in 2018 according to SMMT research.
UK electricity prices are the most expensive of any European automotive manufacturing country and 59% above the EU average, according to the SMMT. / UK firms could have saved nearly £50 million annually if they were buying energy in the EU.
The sector issues a final plea for a no-deal Brexit to be avoided at all costs, saying the prospect is already hitting jobs.
British car factories will be forced to close with the loss of thousands of jobs if the UK government does not renegotiate its Brexit deal immediately, automaker Stellantis has warned.
A supplier of car parts to the likes of Range Rover and BMW is reportedly closing its UK plant and setting its sights on Europe.
One of the world's largest carmakers has said it will be unable to keep their commitment to make electric vehicles in the UK without changes to the Brexit deal.
Thermal Management Solutions will shift production from Reading to the Continent a year after being recapitalised by new investors, Sky News learns.
Japanese firm to shut plant in 2022 but maintain its European HQ near Bracknell in Berkshire.
Carmakers are ramping up their preparations for a no-deal Brexit, with a host of major manufacturers moving regulatory approval for their vehicles from the UK to other parts of Europe.
During the EU referendum campaign, prominent Leavers were confident that the German car industry would call on Angela Merkel to give the UK a favourable deal to protect export interests. But is that really the case? Naga Munchetty reports from Leipzig.
Importing cars from the UK to Ireland is not a new phenomenon. For decades motorists have been looking across the pond for better deals on superior spec vehicles. However things have shifted radically in the past 12 months.
Carolyn Fairbairn says the UK economy is in ‘suspended animation’ while issue remain unresolved.
The Chancellor has warned there will be no alignment with EU regulations after Brexit - despite a pledge being made in the North East by Boris Johnson that standards would be protected.
"As an investor we want a country to be stable," the European president of BYD declared.
Dealerships in Northern Ireland are on the verge of running out of used vehicles due to issues surrounding Brexit, Car Dealer has been told.
Rules of origin force an increasing percentage of the value of an EV to be sourced from the UK or EU.
Rules of origin force an increasing percentage of the value of an EV to be sourced from the UK or EU.
Electric vehicles moving between the UK and the EU face a 10 per cent tariff once a grace period expires in 2027.
Many electric vehicles made and sold in the UK and Europe are set to become more expensive from 2024, which will delay price parity with petrol and diesel cars, it has emerged.
The new law protects vulnerable road users and comes into force on Monday.
Tesla CEO Elon Musk has blamed Brexit as the reason why the firm chose Germany rather than Britain as the country to launch its new Gigafactory.
Although the UK was their first choice, the uncertainty over Brexit forced Tesla to change their plans.
European car makers are calling for a three-year delay in post-Brexit trade rules around electric cars – warning of both a loss of production and a potential €4.3 billion (£3.7 billion) tariff hit.
Post-Brexit rules forcing European automakers to source more electric vehicle components from Britain or the EU could cost them up to 4.3 billion euros ($4.7 billion) in tariffs and hit output, a leading industry body said on Tuesday.
For some weeks the British government has been planning a “shock and awe” campaign to warn British businesses that they have less than six months to prepare for Brexit; but the EU has beaten them to it.
The European Union is about to formally reject a UK plea for special allowances for exports of electric cars in a post-Brexit trade deal.
In recent weeks I have been hearing a lot - both publicly and privately - from EU leaders, and from the chief executives of some of the region's biggest companies. No wonder. They've had a lot on their plate with events in Ukraine, a transformation of their energy supply lines, and the prospect of knock-on effects, including possible recession.
With or without a deal with the EU, both businesses and consumers face price hikes and supply shortages from the New Year.
Boris Johnson, the front-runner to be Britain’s next prime minister, has raised the prospect of a shock for the world’s fifth-biggest economy by pledging to leave the European Union on Oct. 31 without a transition deal if necessary.
The long term future of a major vehicle plant and 1,500 jobs could be put in jeopardy if part of the Brexit treaty is not renegotiated, its plant director has warned.
Britain should continue following EU car regulations to avoid extra costs for consumers, says the boss of Ford. / Tim Slatter's comments come as car manufacturers prepare for the first major review of Britain's post-Brexit trade deal with the EU.
In the political realm, no one knows how Brexit’s long-running theater of the absurd will end. But for much of the business world, Britain’s departure from the European Union has effectively happened.
US car giant tells Theresa May it is preparing alternative manufacturing sites abroad.
British motorists will have to pay up to £1,700 more for two popular Ford models this year after they were hit by new post-Brexit tariffs.
Ford has been stockpiling vehicles in the UK and moving engines in to Europe in advance of a hard Brexit.
Disorderly departure 'would be a disaster for the automotive industry in the UK and within that of course I count Ford Motor Company,' says company's Europe Chairman. / Ford has warned it will reconsider its UK investments if MPs cannot agree a Brexit deal that guarantees a smooth departure from the EU.
WTO’s accession chief says Britain’s departure from the EU creates an unprecedented situation that could take years to resolve.
Brits taking their cars out of the country can no longer use their ‘GB’ car stickers, as their validity ended on 28 September. Instead, they will have to get a new ‘UK’ version.
Head of employers’ federation says integrity of single market more important than making good business with Britain. / German industrialists have warned that British hopes of their support in Brexit negotiations are misplaced and could backfire with dangerous consequences for international trade.
The Government faces a growing revolt from carmakers in Britain unhappy at the slow pace of clarity over post-Brexit customs arrangements crucial to their business model.
The government is facing an unprecedented backlash from five key industries over Boris Johnson's plans for post-Brexit trading arrangements.
Economists tell us Brexit will have a substantial economic impact on our lives. But how would ordinary people experience them? Ben Chu looks at the possible impact on wages, benefits and taxes.
Rotating Audi Group staff takes as much effort as hiring someone for three to five years, complains CFO.
The closure of Honda in Swindon would have "disastrous implications" for the Kasai automotive plant in Merthyr Tydfil, a source has told the BBC.
Car manufacturer becomes latest to cut jobs or shift production elsewhere amid Brexit uncertainty.
Senior figures at Honda told workers at the plant that robot technology to build electric cars was being delivered by boat, before the sudden announcement last week that the plant will close.
Carmakers were hit by the impact of the coronavirus crisis and Brexit uncertainty for most of 2020 about, says SMMT.
The United Kingdom (UK) withdrew from the European Union (EU) on January 31, 2020, and completed the transition period on December 31, 2020, officially leaving the EU and becoming a third country. This event, known as Brexit, has had significant implications for the UK’s economy, including the automotive industry.
UK’s four main manufacturing sites, employing 18,500 people, closed from Monday to Friday.
Jaguar Land Rover (JLR) CEO Ralf Speth has issued a warning to the UK government that a so-called hard Brexit could cost the company £1.2 billion per year in tariffs and ultimately force it out of the UK.
Britain’s biggest carmaker, Jaguar Land Rover, will halt production at its British factories for a week in November, its boss said on Thursday, joining BMW and Toyota in plans to help mitigate any immediate disruption from a no-deal Brexit.
Tokyo and London seek to quickly seal a post-Brexit deal to take effect 2021.
Taro Kono said he was particularly worried about the impact on car companies.
The U.K.’s hopes of a swift trade deal with Japan will ultimately rest on a successful resolution to the main talks between London and the European Union on a new trading arrangement, some experts say.
The number of Japanese companies and their employees in the UK is starting to decline. Given that this is against the trend elsewhere in Europe, it is hard to avoid the conclusion that this is a reaction to Brexit.
Jonathan Vernon-Smith talks about manufacturing and brexit job losses with Jason J Hunter and Graham 'George' Gudgin.
Jeremy Hunt has offered one of Britain’s biggest car manufacturers half a billion pounds in government subsidies not to go abroad to build a new electric battery “giga-factory”.
Dire warnings from British industries after Chancellor Sajid Javid admitted businesses will be hit, exposes why the Prime Minister focuses on the trivial.
The EU accounted for 53.5% of UK-built vehicle exports – making it our biggest trading partner.
A review of evidence about opportunities, challenges and risks to the North East economy and its key sectors with recommendations for action.
Current lockdown restrictions are masking new car supply issues caused by post-Brexit trade deal with the EU, according to Cox Automotive, while the used car market continues to outperform expectations.
Analysis: trade could be a drag on recovery for years to come rather than the high-octane propellent the government promised.
‘Irresponsible’ to lead country into potential ‘chaos’ that could mean supply problems with food and medicines, says Mike Flewitt
Mercedes Benz Retail Group’s latest accounts reveal losses increased to £35m as Brexit concerns ‘fuelled economic uncertainty’.
The Mini factory near Oxford will close from October 31 in the event of a no-deal Brexit, with the thousands of workers at the plant going unpaid.
BMW hinted it may move production of the iconic Mini from England to continental Europe as a result of the UK’s decision to leave the EU.
Kautex Textron said Brexit and the pandemic were ‘key contributors’ to its South Wales plant facing closure.
British and European motor manufacturers have warned of “catastrophic” £100bn losses in the industry over the next five years if a Brexit trade deal is not struck.
Nissan has decided to produce its battery-powered Ariya sport utility vehicle in Japan, rather than in the U.K., the company said Thursday.
Despite assurances given in October that Japanese car manufacturer would continue with plans to invest in Sunderland plant after EU exit. / Nissan said it may “adjust” its business in the UK, depending on how Brexit turns out, potentially jeopardising 7,000 jobs at its Sunderland plant.
The firm, which employs thousands of people in Sunderland, will reportedly make the announcement on Monday.
Japanese car maker Nissan will review its decision to build the Qashqai 4x4 in England if Britain leaves the EU without a deal, potentially leading to the closure of the Sunderland plant, the Financial Times reported.
Nissan Motor Co. gave the starkest warning yet on the future of the Japanese group’s car factories in Western Europe, with a plant in the U.K. threatened by Brexit and another in Spain suffering from a slump in demand.
If no trade deal is reached, cars made in the UK and exported to the EU would be subject to a 10 per cent tariff.
The UK's largest car manufacturing plant is "unsustainable" if the UK leaves the European Union without a trade deal, owner Nissan says.
UK firms face ‘significant barriers’ to doing business with EU and have less access than Canadian companies, in some cases.
A no-deal Brexit would cost Japanese carmakers in Britain more than $1bn a year if 10% tariffs were imposed on trade between the UK and EU, new analysis suggests.
New car output slumped by almost 11 per cent in July, off the back of weak export demand.
Manufacturers would feel effects 'within hours' of country crashing out of EU, says SMMT boss as MPs prepare for crucial vote on Theresa May's proposals
BMW has previously warned that a no-deal Brexit could stop production of the Mini at its Cowley plant, where 4,500 jobs would be at risk.
Carmakers fear disorderly exit would cripple the just-in-time supply chain, investment and lead to tariff barriers
Toto Wolff believes Brexit will leave British-based Formula One teams at a major disadvantage – and a no-deal outcome would be a nightmare for the industry.
Almost two thirds of car showrooms are set to close and business blames Brexit for creating uncertainty among consumers.
Journalist Peter Oborne admitted to James that he had made a mistaken analysis. Now he thinks that fellow Brexiteers must swallow their pride and think again.
Failure to bolster the supply chains for electric cars, coupled with looming post-Brexit tariffs, could cost the UK’s car industry over £100bn in growth, a leading industry group has warned.
Hopes for a last minute deal between Britain and the EU are fading and both sides are now preparing for the consequences of an unregulated Brexit, including higher customs duties, long delays and greater uncertainties.
This could hamper the UK’s ambition to be a global leader in zero-emission vehicle development, production and employment.
In this IPR Public Lecture, Professor of Industrial Strategy at the Aston Business School David Bailey considers what Brexit might mean for the UK automotive sector, and in turn for industrial policy in the UK.
The head of the car group that owns Vauxhall has compared a no-deal Brexit to a head-on train crash.
PSA Group, the French automaker that owns Vauxhall, has again warned that it could pull production from its Ellesmere Port plant in the UK if the plant becomes unprofitable after Brexit.
Classic car firms have revealed the toll Brexit has taken in the short time since the transition period closed on 31 December and Britain fully left the EU.
Garages are being forced to pass on increased parts prices to customers, with Brexit and Covid a double-edged sword against a backdrop of cost-of-living rises.
The UK is lobbying the EU over a Brexit trade deal deadline that carmakers have warned pose a threat to UK industry.
Billionaire Sir Jim Ratcliffe, a Leave campaigner in the run-up to the 2016 Brexit referendum, has confirmed a new 4x4 vehicle will be built in France.
Economy Minister Pedro Siza Vieira has acknowledged that Brexit had a negative economic and political impact on Portugal, in an interview published The Times.
Changes to import and export regulations when sending and receiving parts from Europe or travelling to attend events.
Stellantis has warned it won’t be able to keep its commitment to building electric vehicles in the UK without changes to the Brexit deal.
The future of electric vehicle production in the UK is under threat unless the Government reworks the Brexit deal, Vauxhall parent Stellantis has warned.
French car giant says it cannot follow parts sourcing rules, introduced through Brexit, which add hefty tariffs. / Stellantis has urged the UK government to renegotiate part of its Brexit deal with the EU so it can avoid vehicle factory closures, which would result in the loss of thousands of jobs.
Stellantis warned post-Brexit trading arrangements risk its operations in the country. / “If the cost of EV manufacturing in the U.K. becomes uncompetitive and unsustainable, operations will close,” it said. / Rules of Origin requirements on batteries and EVs are due to be scaled up in coming years, with automakers facing 10% export tariffs.
Rishi Sunak’s government is understood to be lobbying the EU to delay a change in manufacturing rules in the Brexit trade deal after Vauxhall’s parent company warned it could shut its UK factories.
Stellantis car manufacturers has urged the UK government to revisit elements of its Brexit deal with Europe, fearing the integrity of the British car industry supply chain and the future of the nation’s car industry.
Swindon's Honda factory will close its doors for the final time today - after 36 years in operation.
The commercial departments of Brexit-supporting newspapers know the damage being caused to the UK economy, and newspaper advertising revenues, by Brexit. Their editorial colleagues continue to support it anyway.
Brand's European factory will be built near Berlin and produce the Model Y SUV, with Tesla R&D centre in Germany, too.
Electric cars are the future, and Britain should be uniquely well-placed to manufacture them. But the Brexit purists don’t care about that – or the jobs and investment that’ll be lost.
The divorce from the EU looks set to be delayed and could be softened or even abandoned, but the cost of separation is already apparent.
Despite calls to 'take back control' the economic reality is that tariffs will be determined by the 'bound rates' that the UK already has in place under the WTO and, ultimately, no tariff regime will make up for loss of access to the EU market
Although his plans for citizens' juries to sort out Brexit are interesting, we’ve got our issues with Rory Stewart. But take a listen to him trying to talks sense into a typical “WTO, let’s go“ hard Brexiter on the BBC’s World At One, and your estimation of him will rocket.
A wave of disruptions is rocking the world trading system. Britain’s divorce from the European Union has turned messy, while the U.S. trade war with China has investors on edge. The cost of such risks is substantial, according to an analysis by Bloomberg Economics of OECD data.
The boss of Toyota's European business has warned that a no-deal Brexit could make its UK plants uncompetitive.
A major carmaker has said it will shut down its Derbyshire plant for 24 hours the day after Brexit. / Toyota confirmed it would halt production at Burnaston for a day after the 31 October deadline to "assess and react".
The carmaker’s chief executive said that future spending was dependent on post-Brexit trading conditions.
Wales' automotive industry faces more challenges over future Brexit trade changes, according to experts.
Traveling in a global pandemic can be challenging, but add the complications of strict travel rules resulting from Britain's split from the EU and things become really confusing and expensive.
One in three British automotive firms is cutting jobs as Brexit nears, up from one in eight just under a year ago, according to a survey conducted by a group representing the industry which risks being a big loser from Brexit.
Shadow International Trade Secretary Nick Thomas-Symonds has written to Business and Trade Secretary Kemi Badenoch urging her to reach an agreement with Brussels. / Time is running out to strike a deal with Brussels over post-Brexit rules which could hamper British car exports, Labour warns today.
Britain’s car industry body called on Prime Minister Boris Johnson to secure a tariff-free trade deal with the European Union which avoids barriers for businesses as production slumped in November.
Expert warns of ‘existential crisis for UK car industry. / Government insists EV problems ‘can be resolved within’ Brexit deal. / From next year, 45 per cent of an EV’s value should originate in the UK or EU to qualify for tariff-free trade.
Fresh inward investment in the sector plummeted in 2018, down 46.5 per cent on 2017 to just £588.6m.
Even if there is no second wave of coronavirus to shut down factories once again, British car production in 2020 will only recover to about a half of last year’s figure, says industry body.
Society of Motor Manufacturers and Traders cuts 2021 forecast after 35.5% year-on-year decline
Cars remain the UK’s No 1 export but volatile energy prices and the cost of complying with EU regulations post-Brexit are blunting the industry’s competitive advantage, the sector’s trade body has said.
Britain’s car industry warned the next prime minister on Tuesday against a “seismic” no-deal Brexit in October, which it said could add billions of pounds in tariffs and cause border disruption, crippling the sector.
The year-long decline in British car production shows no sign of slowing down as May saw another drop-off. As Francis Maguire reports, Brexit uncertainty and investment in electric is forcing car companies to cut costs.
The boss of a major UK manufacturing firm has told the BBC he is considering moving investment to the US or Europe due to new subsidies offered there.
Car companies paying additional and potentially pointless costs every day that leaving the EU with no deal remains on the table, says trade body.
With investment down 80% in past three years, industry faces ‘death by a thousand cuts’.
Industry is being undermined by 'incompetent government and its threats of a no deal', says trade body. / The number of cars built in the UK in April plummeted by almost half compared with a year ago, figures reveal.
Production losses due to the crisis have cost manufacturers more than £9.5bn so far this year, it was estimated, while at least 13,500 jobs have been lost.
The number of cars built in the UK over the past six months has slumped to the lowest since 1954, according to the industry's trade body.
Even if Brexit deal is reached, decision means vehicles without enough British components will attract tariffs.
Trade body says delayed shipments of parts and WTO tariffs ‘would deliver a knockout blow to the sector’s competitiveness’.
A "dramatic" fall in car production and an easing of stockpiling by manufacturers meant the economy shrank in April, official figures show.
Car production slumped 24% as manufacturers shut down plants temporarily in anticipation of no-deal exit from EU that did not happen.
Britain slides out of top five of Germany’s largest trade partners as imports fall to €32.1bn in 2021
Negotiations between the UK and Canada on a post-Brexit trade deal have broken down after nearly two years, following a row over beef and cheese. / Canada has been pushing for the UK to relax a ban on hormone-treated beef, which its producers say in effect shuts them out of the British market.
Rishi Sunak’s government is lobbying the EU to delay a change in manufacturing rules in the Brexit trade deal after the owner of Vauxhall warned it could shut its UK factories.
Up to 1,000 companies in the UK vehicle repair industry could collapse within two weeks of a no-deal Brexit, with many more forced to close within a month, according to leaked minutes from a meeting of leading industry figures seen by Business Insider.
Importers of used cars seek government help in wake of additional fees incurred for imports from the UK as a result of Brexit.
In particular, used cars in the lower end of the market are becoming less affordable despite being lower in safety standards and higher in emissions.
Used car prices are now nearly 50% higher than they were just before the onset of the pandemic in January 2020, according to a new report by online marketplace, DoneDeal.ie.
Stellantis, which also owns Citroen, Peugeot and Fiat and employs more than 5,000 people in the UK, says its UK investments were in the balance due to terms of Brexit trade deal.
Stellantis says it can no longer meet trade rules on sourcing of parts in Britain or EU after rise in raw material costs
The owner of the Ellesmere Port Vauxhall motor plant has warned it could close unless the Government renegotiates its Brexit trade deal with the EU.
One of the world's biggest carmakers has warned it may have to close UK factories if the government does not renegotiate the Brexit deal.
Production of electric and hybrid cars will not be introduced to Ellesmere Port until the outcome of Brexit is decided, Vauxhall's parent company has warned.
A number of jobs in Wales' automotive industry could be lost due to a lack of clarity over a post-Brexit trade deal, one company's chief executive has said.
With negotiations between the UK and the European Union (EU) - over a trade agreement - going down to the wire, the possibility of there being no deal is being talked about.
Collapsed trade talks, new border checks, 14-hour queues at the border and medicine shortages... it's just another day in Brexit land.

types

◈ facts ×1
◈ myth ×1
◈ news ×247
◈ tweet ×7
◈ video ×14

related tags

◈ SMMT ×52