Welsh ports are key to the future success of Britain’s trading relationships post-Brexit, said the Freight Transport Association. Following publication of the results of the National Assembly for Wales’ inquiry into the implication of Brexit for Welsh Ports, FTA has called for the Assembly to keep the pressure on the national government to ensure that trading relationships and customs … [Read more...]
Newslines 18 July
Prospective owners of the McLaren 720S supercar need to look no further than DVLA Personalised Registrations’ three-day live summer auction for the ultimate accessory. The Agency has once again come up with the perfect personalised registration to adorn the latest McLaren dream machine with MCL 720S, which is listed with a £250 reserve, among the 1,250 personalised registrations being auctioned … [Read more...]
Car makers want reverse from Brexit cliff-edge
The UK automotive industry has called on government to seek an interim arrangement with the EU that would maintain membership of the single market and customs union until a final agreement on a new relationship with the EU is negotiated and implemented. The sector accepts that the UK will leave the EU and fully supports a bespoke and comprehensive agreement on a new relationship with the … [Read more...]
Car makers warn of Brexit dangers ahead of Euro-summit
Ahead of the EU-Brexit summit this weekend, European automobile manufacturers and suppliers sounded the alarm over the potential damage that Brexit could do to the competitiveness of their industry, which represents 6.5% of EU’s GDP and provides employment to some 12.2 million Europeans across the continent. Automotive manufacturing is a highly complex industry. A single vehicle part may be … [Read more...]
£6.5 Billion bill for new car buyers after Brexit
Brexit uncertainty and the prospect of increasing car prices could cost the new car market an estimated £6.5 billion. An estimated 377,000 motorists ‘strongly agree’ that Brexit is making them think twice about buying a new car, according to research by AA Cars, the used car website. Around a quarter of motorists predict leaving the EU will push up the price of everyday driving costs, with … [Read more...]
Special feature: UK Automotive opportunities & challenges
Britain’s exit from the EU raises questions on the competitiveness of UK auto manufacturing in the long run given the intertwined nature of both the outbound and inbound logistics supporting the UK automotive industry. With the UK triggering Article 50, IHS Markit Supplier Solutions team has completed an assessment of the impact on OEM sourcing strategies and possible trade policies … [Read more...]
Unions pledge to fight for Ford workers in Wales
Unite and GMB unions this afternoon pledged to fight for the future of workers at Ford Bridgend Engine Plant after the company confirmed it is likely to have to scale back production from 2020. About 1,100 jobs could go when Jaguar Land Rover V8 and V6 engines production ends this decade and the incoming Ford Dragon engine line is introduced but at lower numbers than the present four-cylinder … [Read more...]
Newslines 3 February
Germany's auto industry is losing hope that trade tariffs with the UK can be avoided, several executives have told Reuters, despite warnings from British Prime Minister Theresa May that an overly tough stance on post-Brexit commerce would seriously harm the country's EU partners. " Merkel may force us to walk away from UK profits for the sake of preventing further EU fragmentation," said a … [Read more...]
Newslines 31 January
A Parkers investigation revealled that more than half of the most popular new models will cost consumers on average an extra £536 if they want to have a choice of more than one colour. Car manufacturers have reduced the palette of solid colours available to just a single offering on 30 of the country’s most popular cars. For those companies offering only one free colour, … [Read more...]
British car makers’ tough challenges after Brexit
The automotive sector is unlikely to get any special treatment from Europe after Brexit. Chancellor Angela Merkel says the car industry as vulnerable to any British attempt to strike market-access deals ahead of the UK's exit from the European Union. In a closed-door meeting with German lawmakers, Merkel said some industries might press for such accords with the UK government and that … [Read more...]