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 restarting, it said. About 168,000 people … [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 round of negotiations on the future … [Read more...]
Dealers more confident than before Brexit
Research from Close Brothers Motor Finance reveals that nearly all UK car dealers (98%) are confident about the business outlook for their dealership, whilst almost two thirds (63%) are ‘very confident’. Despite a difficult 2019 for the motor industry, the findings paint a picture of business optimism. In the aftermath of Britain’s exit from the EU, a third of dealers (35%) see Brexit as the … [Read more...]
Brexit’s been good for some in automotive sector
The UK transport industry has seen earnings on its investments in the EU rocket by more than 400% since the Brexit vote, the latest Office of National Statistics has revealed. UK transport trade earnings from investments in the EU rose from £177 million in 2015 to £1billion three years later – up 476% compared with before the vote. Firms involved in transportation had £3.6 billion invested in … [Read more...]
Newslines 7 February
Production of the three-year-old Mercedes-Benz X-class pickup is ending in June. Based on the Nissan Navara, it has failed to reach anticipated sales figures but it will remain available to order until 11 February, it has told media. Pump prices are falling at last. RAC fuel spokesman Simon Williams said, “Drivers should be relieved the supermarkets are cutting fuel prices after weeks of … [Read more...]
Dealers confidence stronger now for 2020
Exclusive findings from Close Brothers Motor Finance’s Dealer Satisfaction Survey reveal that most motor dealers (96%) are confident about business prospects in the market going into 2020, with almost six in 10 (58%) ‘very confident’. At a time when the new government and the Brexit extension offer a potential end in sight for the political turbulence, the research found that ‘maintaining … [Read more...]
UK Automotive needs favourable Brexit deal, says SMMT president
The Society of Motor Manufacturers and Traders has urged all parties to put UK Automotive at the heart of their economic and trade policies. Setting out the industry’s priorities for a new government, the trade body called for an ambitious, world-beating Brexit trade deal to maintain the sector’s competitiveness and ability to deliver innovation, productivity and prosperity for … [Read more...]
Admin is not up to rubber stamping a no-deal Brexit, say FTA
Britain’s Brexit plans dont have the administration staff to back them up says the Freight Transport Association. In response to the report issued by the National Audit Office (NAO) on border preparedness for a No Deal Brexit, Pauline Bastidon, FTA’s Head of European and Global Policy, said, “The NAO report highlights the scale of the challenge for industry. "It echoes’ FTA’s messages to … [Read more...]
Vital deal on Brexit must be achieved, car dealers told.
It is vital that the government agrees a Brexit deal with the EU, retailers have been told. If it cannot, then prices will rise as a result of the import tariffs that will be paid on vehicles and parts. It is in everyone’s interests that a future trade deal between the UK and EU removes these tariffs, said RMI Chairman Peter Johnson, speaking at this year’s 106th Retail Motor Industry … [Read more...]
Newslines 8 October
Automotive components’ companies in Wales will get a series of meetings on dealing with Brexit issues and paid for by the Department of Business, Energy and Industrial Strategy. Customs, Employment and Supply Chain Risk awareness sessions have been secured by the Welsh Automotive Forum in conjunction with the Society of Motor Manufacturers and Traders. Legendary US brand Harley-Davidson is … [Read more...]
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