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....But the post-2020 years will be dominated by sales of electric cars, and for that Brexit poses too many risks. The rhetoric from the car industry has become more strident as the opening of negotiations has neared and last year’s vague promises from business secretary Greg Clark of help and support have faded from memory. ... [Read full article on Guardian ]
Saturday 24th of June 2017 04:05:04 PM
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.... The SMMT estimates that tariffs would drive up the cost of a British car by £1,500. Hawes said Brexit was the biggest challenge the car industry had faced in a generation, and warned that an untidy exit from the customs union would damage the industry permanently. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 10:39:38 AM
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....“The collective sigh of relief will be audible. The benefit to our economy will be huge, in established sectors like manufacturing, the car industry, financial services, and pharmaceuticals; in emerging areas like biotech, and fintech; in the housing market; in the services sector; in the travel industry; in companies, large and small, right up and down our country, employing, between them, millions of people. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 08:41:04 AM
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Latest Finance News related to Car Industry

Exporters are wise to start preparing for a hard Brexit image
Source : Guardian [Read Article] Saturday 24th of June 2017 04:05:04 PM
....But the post-2020 years will be dominated by sales of electric cars, and for that Brexit poses too many risks. The rhetoric from the car industry has become more strident as the opening of negotiations has neared and last year’s vague promises from business secretary Greg Clark of help and support have faded from memory. ...
Carmakers call for interim Brexit deal or risk falling off 'cliff edge' image
.... The SMMT estimates that tariffs would drive up the cost of a British car by £1,500. Hawes said Brexit was the biggest challenge the car industry had faced in a generation, and warned that an untidy exit from the customs union would damage the industry permanently. ...
Philip Hammond says Brexit deal must put jobs and prosperity first image
Source : Guardian [Read Article] Tuesday 20th of June 2017 08:41:04 AM
....“The collective sigh of relief will be audible. The benefit to our economy will be huge, in established sectors like manufacturing, the car industry, financial services, and pharmaceuticals; in emerging areas like biotech, and fintech; in the housing market; in the services sector; in the travel industry; in companies, large and small, right up and down our country, employing, between them, millions of people. ...
Jaguar Land Rover to recruit 5,000 staff after record year of sales image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:50:45 PM
.... JLR’s main UK manufacturing and engineering sites are in Solihull and Castle Bromwich in Birmingham, Wolverhampton, Gaydon, Coventry and Halewood in Liverpool. The wider UK car industry had a record year in 2016, with annual sales of new vehicles at just under £2. ...
Are cheap car loans the vehicle taking us to the next financial crash? image
Source : Guardian [Read Article] Saturday 10th of June 2017 03:00:29 PM
....A decade ago it was sub-prime mortgages. Could it be sub-prime car loans this time? Cheap finance, the economic spectre of the age, has underpinned much of Britain’s growth over the past three years and there has been no bigger beneficiary of this debt-fuelled largesse than the car industry. ...
UK households cut back as Brexit effect on pound hits living costs image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:01:14 AM
.... However, many economists expect the UK will struggle to match its 2016 performance when it defied predictions of a post-referendum downturn and was instead one of the fastest-growing advanced economies in the world. Figures from the car industry added to signs of consumer caution. ...
EU moves to crack down on carmakers in wake of VW emissions scandal image
....The European council overcame initial objections from Germany and agreed to try to reform the system for approving vehicles in Europe in the wake of the Volkswagen emissions scandal. The draft now goes for negotiations with the European commission and the European parliament, where the car industry holds a strong influence. ...
UK car production falls at fastest rate in more than two​-​and​-​a​-​half years image
....The drop in car production echoed the trend in new car sales, which fell 20% in April compared with a year earlier, as government cuts to subsidies for green cars and a rise in prices hit demand. The UK car industry backed the remain camp in the run-up to the EU referendum and SMMT members are fearful about possible tariffs being imposed on parts imported from the EU after Brexit. ...
'Nothing we could do' image
Source : BBC [Read Article] Tuesday 23rd of May 2017 11:00:17 PM
.... . He says the checks and balances in the US government, where the different branches of government hold equal authority and offset one another, and the interdependence of the car industry across the Nafta members will keep the deal alive. ...
Jaguar Land Rover posts record sales thanks to demand in China and US image
.... “Our heart, soul and headquarters will always be in the UK,” he said. The UK car industry had a record year in 2016, with annual sales of new vehicles at 2. ...
RBS could rob us of the chance to see Fred Goodwin grilled in court | Nils Pratley image
.... But it’s not obviously a qualification for running a car company with 200,000 employees. We’ll judge Hackett only once he’s got to work – but one suspects Tesla founder Elon Musk’s status as the top visionary in the car industry is not under immediate threat. ...
Ford chairman denies that he fired chief executive image
Source : BBC [Read Article] Monday 22nd of May 2017 07:20:07 AM
.... . He will focus on modernising Ford and "transforming the company to meet tomorrow's challenges", as new technologies continue to transform manufacturing and the car industry. ...
Labour has big spending ideas, but no plan to earn our trust | Phillip Inman image
....The white van driver was at the heart of the Brexit vote and that person’s needs came first. Figures from the car industry illustrate how driving has become a national obsession to rival shopping. ...
Brexit: UK carmakers 'sitting on their hands' rather than investing image
Source : Guardian [Read Article] Thursday 27th of April 2017 03:37:30 PM
....7m autoparts and components moved between the UK and the rest of the EU, in what is one of the most highly integrated sectors. The UK car industry believes it needs an agreement between the EU and the UK that ensures its unrestricted access to the talents of nationals from the continent. ...
GM says Venezuelan car plant is seized by government image
Source : BBC [Read Article] Thursday 20th of April 2017 10:46:00 AM
....At least three people were killed in protests this week against the government of President Nicolas Maduro. Venezuela's car industry has been hit by a lack of raw materials due to currency controls and stagnant local production. ...
Drivers could be paid 'up to £2,000 to scrap diesels' image
Source : BBC [Read Article] Monday 17th of April 2017 10:17:34 AM
....A previous scheme in 2009/10 offered drivers cash payments of £1,000 to trade in their aging cars. This was topped up by matching payments from the car industry and took almost 400,000 of the most polluting vehicles off UK roads. ...
Self-driving cars will only work when we accept autonomy is a myth image
Source : Guardian [Read Article] Friday 7th of April 2017 08:00:05 AM
.... However, this requires a degree of solidarity, which displeases start-ups. The short history of self-driving cars has already been rewritten to suit the advocates of autonomy, many of whom want to see the car industry disrupted rather than augmented. ...
Soviet saloon image
Source : BBC [Read Article] Wednesday 5th of April 2017 11:04:36 PM
.... It's now worth £2,000. As the global classic car industry continues to grow strongly, an increasing number of previously unheralded cars are now being avidly collected. ...
UK new car sales speed to record high image
Source : Guardian [Read Article] Wednesday 5th of April 2017 09:14:46 AM
.... But the UK is doing nothing. If the car industry was required to recall those vehicles and upgrade the after-treatment system that would make a sizeable difference to the air pollution problems in our cities. ...
Record UK car registrations in March image
Source : BBC [Read Article] Wednesday 5th of April 2017 08:17:31 AM
. March was the best month to date for UK car registrations, according to the car industry trade body. ...
Congested, polluted and with car jobs at risk, Stuttgart reaches a crossroads image
.... Either it does something very serious or it will never meet its targets,” he says. With one in three of all industrial workers in Stuttgart in the car industry, the unions see the coming decarbonised world as dangerous. ...
UK businesses welcome May's free trade call but warn of no-deal Brexit disaster image
....”. However, these messages came as the airline industry and the car industry warned of the consequences of failing to secure an agreement with the EU. ...
No EU trade deal is better than a bad deal? Don’t bet on it, Theresa May | Jonathan Portes image
....But headline tariff rates are not the most important issue by any means. Take the car industry. ...
Do not let Brexit ruin car industry, urges chair of London Taxi Company image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 07:51:15 AM
....Greg Clark, the business secretary, said the new factory and Toyota’s announcement last week that it will invest £240m into modernising its Derbyshire production line is “recognition of our seriousness in the industrial strategy”. He was very confident about the future of the car industry in Britain, he said. ...
Vote of confidence image
Source : BBC [Read Article] Thursday 16th of March 2017 10:17:03 AM
. Toyota's decision to invest £240m in its UK operations will be welcome news for the UK car industry. ...
Brexit and Bochum haunt Vauxhall in the new battle for Ellesmere Port image
Source : Guardian [Read Article] Saturday 11th of March 2017 04:00:38 PM
.... “For the future of those employees and for customers in the UK, a zero-tariff environment is really, really important,” Farley said. Britain’s car industry is dominated by continental (Volkswagen and BMW), American (Ford and GM) and Japanese (Nissan and Toyota) manufacturing groups whose main export market is the EU. ...
Vauxhall's Luton and Ellesmere Port factories will face battle after 2021 image
....David Bailey, professor of industry at Aston University, said Ellesmere Port is vulnerable due to the uncertainty over Brexit, the number of car parts that Vauxhall has to import and the looser labour laws in Britain than on the continent. The prospect of Brexit looms over the car industry because for each vehicle that is produced in the UK there are hundreds and thousands of movements of parts across the Channel. ...
Vauxhall deal prompts cautious optimism from UK government image
Source : BBC [Read Article] Monday 6th of March 2017 03:37:53 PM
....PSA has said many countries are reluctant to buy French cars and the Opel brand will help them expand into new markets. The chancellor will have extra motivation to be supportive of the car industry when he delivers Wednesday's Budget. ...
Vauxhall-Opel sold by GM to Peugeot-Citroen image
Source : BBC [Read Article] Monday 6th of March 2017 07:31:41 AM
....PSA has said many countries are reluctant to buy French cars and the Opel brand will help them expand into new markets. The chancellor will have extra motivation to be supportive of the car industry when he delivers Wednesday's Budget. ...
Business wish list image
Source : BBC [Read Article] Sunday 5th of March 2017 01:37:19 AM
...."Businesses from across the Chamber network of all sizes, sectors and locations, lament the burden of this high up-front cost, which they are forced to pay before making even a penny of profit," says Dr Marshall. For the UK's car industry it is vital that the chancellor does nothing to harm the sector's competitiveness, which is "very internationally exposed," says Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders. ...
A Mini part's incredible journey shows how Brexit will hit the UK car industry image
. If there is just one anecdote that succinctly sums up the problems that Brexit and the threat of tariffs pose to the UK car industry, it is this: the story behind the crankshaft used in the BMW Mini, which crosses the Channel three times in a 2,000-mile journey before the finished car rolls off the production line. ...
Ford Bridgend: Welsh secretary 'optimistic' over future image
Source : BBC [Read Article] Thursday 2nd of March 2017 06:05:24 AM
....He said Brexit was "having an effect" and insisted the UK automotive industry was "looking positive". But former business secretary Sir Vince Cable said there were "big uncertainties" around Vauxhall's Ellesmere Port and Luton factories and "bits and pieces of the UK car industry are drifting away". ...
Jaguar Land Rover pledges 'heart and soul' to UK as new model debuts in Solihull image
....Ralf Speth, chief executive of Jaguar Land Rover, said: “The expansion of our product range and building this British-designed and engineered car in the UK is a sign of our confidence in British manufacturing. “We are leading the global premium car industry with our commitment to our home market, and our heart, soul and headquarters will always be in the UK. ...
BMW considers making electric Mini outside UK due to Brexit worries image
Source : Guardian [Read Article] Monday 27th of February 2017 06:21:12 PM
.... Greg Clark, the business secretary, wants to put electric vehicles and battery technology at the heart of the UK’s industrial strategy, describing the sector as an “emblematic area of focus”. The doubts about where the electric Mini will be built is one of a number of issues threatening to derail the revival of Britain’s car industry. ...
Vauxhall job fears rise as Peugeot boss mentions 'speedy' savings image
Source : Guardian [Read Article] Thursday 23rd of February 2017 11:00:40 AM
.... An outline agreement is expected to be announced as soon as next week, before the Geneva motor show starts on 6 March. May had stressed the British government’s commitment to the UK car industry in a telephone conversation with the PSA executive on Wednesday evening. ...
Vauxhall's workforce highly valued, minister told by potential French buyer image
. Vauxhall’s brand and “committed workforce” are highly valued, the business secretary has been told during talks in Paris over the future of thousands of jobs in the UK car industry. ...
Unite leader warns GM his union will not accept any Vauxhall job losses image
Source : Guardian [Read Article] Wednesday 15th of February 2017 02:13:22 PM
.... She said it was unacceptable that PSA and Opel had not consulted German government officials, unions or the Opel works council before pushing ahead with talks. McCluskey repeated his call for the government to extend the backing it has offered to Nissan, to ensure it maintains its UK car production when the UK leaves the EU, to the rest of Britain’s car industry. ...
General Motors looks to sell loss-making Vauxhall and Opel image
Source : Guardian [Read Article] Tuesday 14th of February 2017 01:42:44 PM
....He stressed that if PSA buys Opel, it should not forget that the UK is the second-largest car market in Europe, but warned that whoever owns Vauxhall would need to be protected in Brexit negotiations. “We want to get to a point where whatever deal is agreed is one that doesn’t introduce any barriers of tariffs to the car industry. ...
Car firms tell May post-Brexit tariffs are 'red line' issue that threatens jobs image
. The car industry has told Theresa May that the introduction of tariffs after Britain leaves the EU is a “red line” issue that would lead to a fall in sales and potentially result in job losses. ...
Electric cars will not stem global demand for oil, says BP image
Source : Guardian [Read Article] Wednesday 25th of January 2017 02:47:17 PM
.... Greg Muttitt, senior adviser at campaign group Oil Change International, said: “Every year BP has predicted a slowdown in renewable energy growth, and every year it has been wrong – but it’s done so again today. And BP says electric cars are going nowhere in the next 20 years, a view not shared by the car industry. ...
Mexico braced for exodus to US as ‘Trump effect’ hurts the peso image
Source : Guardian [Read Article] Saturday 21st of January 2017 04:00:04 PM
.... The peso swooned from 18 to the dollar to 20 in the election’s immediate aftermath and slid again to 22 in recent days as Trump ratcheted up the pressure. He threw Mexico’s car industry – a sizable employer –into disarray by threatening Ford, Toyota, General Motors and other manufacturers with tariffs unless they shipped jobs to the US. ...
'Europe's fate is in our hands': Angela Merkel's defiant reply to Trump image
Source : Guardian [Read Article] Monday 16th of January 2017 07:54:18 PM
....“I believe BMW’s biggest factory is already in the US, in Spartanburg [South Carolina],” Gabriel, leader of the SPD, told Bild in a video interview. “The US car industry would have a bad awakening if all the supply parts that aren’t being built in the US were to suddenly come with a 35% tariff. ...
Twelve things you need to know about driverless cars image
Source : Guardian [Read Article] Sunday 15th of January 2017 07:30:09 AM
.... Over the next decade, accelerating autonomous driving technology, including advances in artificial intelligence, sensors, cameras, radar and data analytics, are set to transform not only how we drive (or, indeed, are driven), but the notion of car ownership itself. “Autonomous driving has become the next major battlefield for the car industry,” says Luca Mentuccia, automotive global MD at Accenture. ...
Obama's legacy image
Source : BBC [Read Article] Friday 13th of January 2017 12:03:44 AM
....For an explanation of that you might start with one word: Detroit. Detroit, or rather the US car industry with which the city is synonymous, was seemingly in its death throes in January 2009. ...
US 'car tsar' Steve Rattner: Obama deserves high marks image
Source : BBC [Read Article] Thursday 12th of January 2017 05:41:02 PM
...."Car tsar" Steve Rattner, former head of President Obama's Automotive Task Force, says the outgoing chief deserves "pretty high marks" for his economic policy. Bailing out a struggling car industry in 2009 prevented the loss of "at least a million jobs", says Mr Rattner, and possibly saved the Ford motor company. ...
Auto industry's Trump fear: 'Everyone dreads being subject of a tweet' image
Source : Guardian [Read Article] Saturday 7th of January 2017 08:00:14 AM
.... In the 1980s Donald Trump even worked on building a Trump-branded Cadillac, complete with VCR and paper shredder. The Trumps may be fans of the US’s largest car manufacturer but GM, and the car industry in general, should have been paying more attention to the final sentence of his pre-election endorsement: “Made in the USA. ...
UK car sales at record high in 2016 image
Source : BBC [Read Article] Thursday 5th of January 2017 07:45:28 AM
.... More than 85% of new cars bought in the UK are imported. Mr Hawes said the impact of Brexit on the car industry was, as yet, unclear. ...
British car industry body warns of sales downturn as uncertainty kicks in image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:01:34 AM
. The British car industry has warned of a sales downturn this year as the economic uncertainty that followed the Brexit vote kicks in. ...
UK car exports soar to record high image
Source : Guardian [Read Article] Thursday 22nd of December 2016 12:01:31 AM
. Britain’s car industry reported record exports in the first 11 months of the year as a combination of the low pound and open access to Europe’s single market boosted sales. ...
Nissan's British arm saw profits rise 21% before EU vote image
Source : Guardian [Read Article] Sunday 18th of December 2016 07:41:39 PM
....Nissan’s British subsidiary, which is centred around its Sunderland car factory, reported a jump in pre-tax profits of 21% to £117m for the 12 months to the end of March. The car maker sought and won assurances from Theresa May that the government would seek tariff-free access for the car industry in talks with the European Union once article 50 talks begin next April. ...
The Guardian view on self-driving cars: apply the brakes | Editorial image
Source : Guardian [Read Article] Thursday 15th of December 2016 07:52:21 PM
.... For parents having a computer deal with the stress of the school run might offer calm in a busy day. No surprise then this month the US state of Michigan, home of the American car industry, has passed rules allowing vehicles without drivers, pedals or steering wheels to be trialled on its roads. ...
ECB's quantitative easing programme investing billions in fossil fuels image
Source : Guardian [Read Article] Friday 9th of December 2016 01:36:07 PM
....Purchases are often carried out in line with national priorities. The Bundesbank’s most frequent securities acquisitions were in car industry flagships Daimler and BMW (15 times each), and in VW (7 times). ...
Motorists at risk from log book delays image
Source : BBC [Read Article] Wednesday 7th of December 2016 01:41:00 PM
.... . Autocar editorial director, Jim Holder, says transparency in the car industry has improved but problems remain. ...
Brexit: EU negotiator says 'time's short' for reaching deal image
Source : BBC [Read Article] Tuesday 6th of December 2016 11:25:15 AM
....So, Michel Barnier made clear that the UK cannot expect better terms outside the EU than inside. UK talk of getting a special deal that privileges the car industry or the City of London may not to be acceptable to the EU. ...
Cars could cost £1,500 more after single market exit image
Source : Guardian [Read Article] Tuesday 29th of November 2016 09:00:00 PM
....”. Britain’s car industry has enjoyed a period of strength over recent years, as cheap finance deals and more efficient models attract consumers. ...
UK car output dips on slow domestic demand but exports rise image
Source : BBC [Read Article] Thursday 24th of November 2016 01:28:22 AM
....". Concern about the UK car industry's position in a post-Brexit world has prompted executives to urge the government to help shield the sector from any deterioration in trade relations. ...
Brexit uncertainty could hit investment in UK, warns German car chief image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 01:02:28 PM
. The head of the German car industry has added his voice to a growing chorus of demands from Europe for the UK government to urgently clarify its Brexit objectives. ...
GM allowed to delay air bag recall image
Source : BBC [Read Article] Tuesday 22nd of November 2016 01:48:57 PM
....8 million cars worldwide last month because of possibly faulty Takata air bags, bringing the total of recalled air bags to 23. 1 million across the car industry. ...
In Brexit Britain there will be no benefit caps for the multinationals | Aditya Chakrabortty image
.... Not a subtle moue of displeasure from behind an expensive pair of cufflinks, but a bluntly put, publicly issued ransom. At the end of September the boss of Nissan, Carlos Ghosn, goes to one of the car industry’s biggest annual events, the Paris Motor Show, and declares to reporters that Brexit means the UK now has to cut him “a deal”. ...
EU puts UK-Nissan deal under scrutiny image
Source : BBC [Read Article] Monday 7th of November 2016 12:20:26 PM
.... is in contact with the UK authorities," a spokesman said. UK Business Secretary Greg Clark has said Nissan was told that the government would seek tariff-free access to EU markets for the car industry. ...
Nissan deal 'won't persuade others to invest' image
Source : BBC [Read Article] Tuesday 1st of November 2016 06:00:17 PM
....". Nissan's decision is the first major development for the car industry since the Brexit vote and secures 7,000 jobs. ...
Greg Clark stands by refusal to publish Nissan letter image
Source : BBC [Read Article] Monday 31st of October 2016 07:03:54 PM
....". He repeated what he said were the letter's key points: continued support for the competitiveness of the car industry, bringing more of the supply chain into the UK, backing for research and development, and seeking "unencumbered" trade. ...
UK told Nissan it wants tariff-free trading for motor industry, Clark says image
....". Pressed on the contents of the key letter he sent to Nissan, Mr Clark said that as well as seeking a "common ground" in Brexit talks, it included commitments to continue to make funds available for skills and training, to "bring home" elements of the supply chain which had migrated overseas, to support research and development, and to keep the UK car industry competitive. ...
How could the UK help Nissan remain competitive? image
Source : BBC [Read Article] Friday 28th of October 2016 04:10:08 PM
....There is another possibility suggested by the former Prime Minister Tony Blair on BBC Radio 4. "I should imagine they gave strong assurances about the car industry's access to the single market". ...
'Pre-reg' cars now widespread in UK image
Source : BBC [Read Article] Thursday 27th of October 2016 11:58:28 PM
.... . Pre-registration is legal but unofficial, so it is often referred to in the motor trade as the "secret of the car industry", an investigation by BBC Radio 4's You and Yours has found. ...
UK new car sales hit record high for September image
Source : Guardian [Read Article] Wednesday 5th of October 2016 12:45:42 PM
. Britain’s car industry enjoyed a record September for new vehicle sales, but said Brexit uncertainty could weigh on future demand. ...
UK new car sales rise in September image
Source : BBC [Read Article] Wednesday 5th of October 2016 09:44:39 AM
....Source: Society of Motor Manufacturers and Traders. Mr Hawes also said the car industry continued to face uncertainty. ...
Nissan boss warns on UK investment image
Source : BBC [Read Article] Friday 30th of September 2016 01:09:05 AM
....Nissan's plant in Sunderland produces about a third of the UK's car output. The comments come amid warnings from the UK car industry about the risk of EU tariffs from Brexit. ...
UK car firms 'want to be in EU single market' image
Source : BBC [Read Article] Wednesday 28th of September 2016 02:00:40 PM
....Analysis: Simon Jack, BBC business editor. The UK car industry kicked off its own Tour de France today in the shadow of the Eiffel Tower on the sidelines of the Paris Motor Show. ...
UK car production hits 14-year high for August image
Source : BBC [Read Article] Wednesday 21st of September 2016 11:03:41 PM
....A number of surveys and data have suggested the UK's decision to leave the EU has had little impact on manufacturing so far, despite previous fears to the contrary. However, a spokesperson for the SMMT said it was "too early to tell" whether Brexit was affecting the car industry. ...
Supercar maker McLaren denies Apple investment report image
Source : BBC [Read Article] Wednesday 21st of September 2016 08:56:39 PM
....If Apple wants a prototyping arm with established credentials - McLaren is a great fit. Mr Holder added Tesla has disrupted the car industry, but Apple buying McLaren would be much bigger. ...
Fiat Chrysler recalls 1.9 million vehicles over air bag defect image
Source : BBC [Read Article] Thursday 15th of September 2016 08:15:22 PM
.... . There have been a number of car industry recalls for serious air bag-related issues this year. ...

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