UK car production plummets 18 per cent in January February 27, 2019 UK car production plummeted 18.2 per cent in January amid fears over a hard Brexit. Read more: Brexit uncertainty sparks public to private takeover trend The figures, released today by the Society of Motor Manufacturers and Traders (SMMT), also revealed that almost a third of automotive companies surveyed had postponed or cancelled investment in the UK [...]
Honda: What’s really hurting car manufacturers? February 19, 2019 Business secretary Greg Clark yesterday took a stand for Britain’s car manufacturers, saying Honda’s move to close its Swindon factory shows the urgent need to strike a Brexit deal. “Decisions like Honda’s this morning demonstrate starkly how much is at stake,” he said. “A situation in which our manufacturers do not have the certainty they [...]
Car makers and sellers plead with government for clarity after May’s Brexit deal defeat January 16, 2019 Car makers and dealers have called for clarity on how Britain will leave the EU after MPs resoundingly dismissed Theresa May’s Brexit deal in parliament last night. The 230-vote defeat for May’s deal has cranked up the risk of a no deal scenario according to the EU’s chief negotiator Michel Barnier, a situation believed to [...]
European car sales down for fourth straight month as emissions testing continues applying skids to market January 16, 2019 A fall in Chinese demand and tougher emissions testing continued to put the brakes on European car sales in December, which dropped for the fourth month in a row. New car registrations dropped 8.4 per cent last month, said the European Automobile Manufacturers Association (EAMA), following an eight per cent drop last month. Read more: Off [...]
Consumer spending feels the pinch amid Brexit uncertainty January 16, 2019 Enduring political uncertainty was to blame for weak consumer spending over Christmas, according to figures released today. Consumer spending fell by one per cent in December compared to the same month in 2017, research from Visa and IHS Markit reveals, its biggest monthly drop since April. Read more: UK car sales decline for the second [...]
Jaguar Land Rover confirms 4,500 job cuts as it switches focus to electric vehicles January 10, 2019 Jaguar Land Rover today confirmed it will swing the axe at 4,500 staff as it looks to safeguard its future after a slump in demand from China and falling diesel sales. Read more: China sales halve at JLR Hacking back its global workforce will help deliver a leaner organisation, JLR said, as the move follows [...]
Jaguar Land Rover set to announce up to 5,000 job cuts January 10, 2019 Jaguar Land Rover is reportedly set to axe 5,000 jobs in a cost-cutting exercise after seeing a slump in Chinese demand for its vehicles coupled with a fall in diesel sales. The mass redundancies would help the company free up £2.5bn in cash flow, a transformation programme it announced in October. Read more: China sales [...]
UK car sales fall for the second year in a row as Brexit uncertainty dampens demand January 7, 2019 UK car sales have fallen for the second year running, according to figures from an industry trade body released today. Dealerships sold 2.37m new cars in 2018, 6.8 per cent fewer than it managed in 2017, and 12 per cent below 2016’s peak of 2.69m, The Society of Motor Manufacturers and Traders (SMMT) said. The [...]
No-deal Brexit would be ‘disastrous’ for Toyota and could cost £10m a day, MPs hear December 4, 2018 Toyota has warned MPs that a no-deal Brexit would be “disastrous” to its car making operation in UK, and could cost the company around £10m a day. Tony Walker, deputy managing director of the company in Europe, said it was “unimaginable” that it would be able to change customs procedures to fit World Trade Organisation [...]
Jaguar Land Rover to axe 200 jobs from west Midlands plant amid stalling UK production November 29, 2018 Jaguar Land Rover (JLR) is to cut more jobs at its Solihull plant as a result of moving the production of its Discovery model out of the UK. The company, which already announced that 1,000 agency workers would be laid off in April, said today around 200 more people working at its Lode Land site [...]