One in six jobs are at risk of redundancy without help from the government in restarting production of the automotive sectors, said the Society of Motor Manufacturers and Traders. The SMMT wants emergency funding, permanent short-time working, business rate holidays, and VAT cuts to stem the flow of job losses as showroom reopen and production lines are … [Read more...]
Newslines 15 June
A new 170mph Lancia Stratos two-seater sports car will be hand-built in a run of just 25 models by the newly created Manifattura Automobili Torino company. The legendary bespoke rally car of the 1970s will get a modified Ferrari 4.3V8 engine delivering 540bhp and it will be unveiled in the UK at the exclusive Salon Prive event in September at Blenheim … [Read more...]
£1.2 Billion plant promises thousands of Welsh jobs
A £1.2 Billion deal is close to being signed to bring over 3,500 and up to 15,000 jobs with a new massive car batteries plant adjacent to the Aston Martin Lagonda facility at St Athan, in the Vale of Glamorgan. UK start-up battery manufacturer Britishvolt has shortlisted the site at the former RAF base next to where AML (above) started making their luxury … [Read more...]
French tell Renault “home” build for state aid
The French government has told Renault it must keep home plants operating as a condition of receiving €5 Billion state aid. France wants it to remain the group’s global centre for engineering, research, innovation and development, Prime Minister Edouard Philippe said on Wednesday. Speaking in the Senate, he said the government was particularly concerned … [Read more...]
Car makers move to save extinction
CEOs from across the automotive value chain came together for a meeting with the European Commission to align on the priorities for a solid recovery plan for the automotive sector, with a view to stimulating the wider economy and bolstering the transformation to a carbon-neutral society. CEOs of vehicle manufacturers and component suppliers, as well as … [Read more...]
Nissan Sunderland future revealed by June
The future of Nissan Sunderland is expected to be outlined at the end of May. The UK plant builds cars for the UK and Europe and the Japanese car maker is preparing a new global production plan which will see a 20% reduction in capacity and that is expected to see it concentrate on the Far East and USA. There was a report this week that it is about to … [Read more...]
Coronavirus planning risk to no-deal Brexit, warn ACEA
A no-deal Brexit at the end of 2020 risks undoing efforts to get the auto industry back on track after the coronavirus of recent weeks, says the European car makers’ director general Eric-Mark Huitema. While Europe still grapples with the health, social and economic impacts of the coronavirus, and EU automobile manufacturers battle for survival, the second … [Read more...]
Newslines 1 May
A survey by the Welsh Automotive Forum of local supply chain companies shows 88% expect May turnover to be reduced by more than 50%. Even for July, 38% expect turnover to be 30%+ reduced on pre-COVID-19 levels. RAC patrols rescued some 3,426 motorists whose vehicles may have fallen victim to the UK’s pothole-ridden roads in the first three months of 2020, … [Read more...]
Virus shutdown to cost UK automotive over £8B
The British car industry faces losing output worth more than £8 Billion due to the coronavirus outbreak. It suffered a production drop in March of a third and fell to its lowest level since 2009, said the Society of Motor Manufacturers and Traders thursday. Britain’s biggest exporter of goods which employs more than 800,000 people saw factories and … [Read more...]
Car makers want urgent comprehensive support
The effect of the coronavirus on society and the global economy is unprecedented with grave consequences for the automobile industry, say European car makers. Indeed, most of the members of the European Automobile Manufacturers’ Association have already announced temporary closures of plants due to collapsing demand, supply shortages, and government … [Read more...]
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