Ford has warned that the chances of a no-deal Brexit has increased in the last few months as new Prime Minister Boris Johnson ramps up his plans for a possible disorderly exit in October. The U.S. automaker operates two engine plants in Britain, among which it is planning to shut down because of falling demand […]
Brexit
Honda states any Brexit delay must be long enough to provide stability
Japanese automaker Honda stated any delay to Brexit must be long enough to provide businesses stability whilst BMW is still planning for a “worst-case scenario” no-deal Brexit after lawmakers backed delaying Britain’s exit from the EU. The country’s car sector, which employs over 850,000 people, has quickly gone from a manufacturing success story to posting […]
Ford backs PM May’s Brexit plan to prevent no-deal ‘catastrophe’
Ford Motor backed UK Prime Minister Theresa May’s Brexit deal on Thursday to prevent a no-deal “catastrophe,” but stated she still required to guarantee long-term frictionless trade, which is important to the future of its plants in Britain. Ford Europe boss Steven Armstrong informed Reuters the company was thinking about importing more vehicles into Britain […]
Jaguar launches plant in Slovakia to hit annual production of 100,000 cars by 2020
Jaguar Land Rover (JLR) expects to hit annual production of 100,000 cars at its plant located in Slovakia by 2020, the chief executive of the recently opened factory, Alexander Wortberg, stated on Thursday. The company formally launched its new 1.4 billion euro ($1.6 billion) plant in Nitra, Slovakia, on Thursday after beginning some production last […]
Aston Martin has not enough time for tech customs solution to Brexit
The boss of automaker Aston Martin cautioned it was probably too late to present the kind of technology required for the post-Brexit customs plan that is supported by many British eurosceptics. Chief Executive Andy Palmer said that getting the technology in place would cost millions of pounds and it appeared to be too late to […]
PSA to cut 400 jobs at Vauxhall’s Ellesmere Port in Britain
PSA on Friday stated it would cut about 400 jobs at Vauxhall’s Ellesmere Port located in Britain by the end of the year to enhance the production center’s competitiveness. PSA obtained the Opel and Vauxhall brands from General Motors in August, assisting the automaker leapfrog rival Renault SA to become Europe’s second biggest automaker by […]
Luxury brands such as Aston Martin, Bentley are branching out to sell sofas, sunglasses and yachts
The entire car industry is usually in the state of the flux at this moment. Not just the car companies yet are struggling to get them back on the track after economic crash, the companies such as Google, Uber and Tesla are looking to always disrupt industry completely with the most autonomous technologies of driving, […]
