Racing Point F1 Team owner Lawrence Stroll is targeting a return to vehicle production after providing a £536 million funding boost to Aston Martin.
The PSA Group has said that it is now fully focused on preparing the “rebound in a chaotic economic environment” following a coronavirus-impacted 29% global sales decline in Q1, 2020.
The PSA Group is set to complete a final review of COVID-19 coronavirus healthy working measures at its Ellesmere Port Vauxhall car manufacturing plant before deciding when to recommence production.
Car production forecasts from the Society of Motor Manufacturers and Traders (SMMT) have suggested that UK auto output will fall by 200,000 to just below 1.1 million because of plant shutdowns caused by the COVID-19 coronavirus - representing an 18% fall in output this year.
The PSA Group has outlined its plan for a series of temporary closures at its European plants in light of the COVID-19 coronavirus outbreak.
The British automotive industry has again offered up a stark warning on the impact of a No Deal Brexit.
British car manufacturing output declined -10.6% in July, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
PSA Group has said that its plans to produce the next generation Vauxhall Astra hatchback at Ellesmere Port are dependent on the final terms of Brexit and the acceptance of a “New Vehicle Agreement” by the Unite trade union.
The National Franchised Dealers Association (NFDA) has described the Department for Transport’s (DfT) granting of a derogation for non-RDE compliant vehicles as “very positive”.
Aston Martin Lagonda is on target to deliver full production volumes in the first half of 2020 as pre-production versions of the luxury brand’s new DBX SUV rolled off the lines.
The French finance minister has described a potential merger between FCA Group and Renault as a “good opportunity” as signs began to emerge that politicians could attempt to reignite merger talks.
Ford’s Bridgend car manufacturing plant will close in 2020 with the loss of 1,700 jobs, according to union officials.
UK car manufacturing output declined by 44.5% in April as a result of factory shutdowns scheduled by manufacturers in anticipation of import difficulties resulting from a March 29 Brexit.
The Society of Motor Manufacturers and Traders (SMMT) has expressed concerns that the Government’s six month Brexit extension has extended the current period of uncertainty for the automotive sector.
A ninth consecutive month of declining car production at UK manufacturing plants should serve as “a wake-up call” for anyone who thinks the sector could survive a ‘no deal’ Brexit, the SMMT has said.
SMMT has said that it will “put the record straight” on ‘no deal’ Brexit impact by dispelling 13 common myths as Parliament debates the meaningful vote.
Honda UK managing director David Hodgetts has conceded that the closure of the brand’s Swindon manufacturing facility could impact the brand’s sales.
UK car manufacturing suffered another decline in productivity during January as the volume of vehicles rolling off production lines fell by 18.2% to 26,858.
Honda has confirmed its plan to close its Swindon car manufacturing plant as it attempts to accelerate its electrification strategy “in light of the unprecedented changes” affecting the automotive sector.
Automotive executives believe that 30% to 50% of car dealerships will be closed by 2030, according to KPMG’s Global Automotive Executive Survey 2019.
