European car manufacturers are concerned that a new EU-Japanese trade deal could see them lose ground in the UK to Asian rivals, according to UHY Hacker Young.
The threat of a ‘no deal’ Brexit halved the influx of fresh investment into the UK’s car manufacturing sector, according to the Society of Motor Manufacturers and Traders (SMMT).
Tesla’s determination to dispense with a franchised car dealer network could be partly to blame for the electric vehicle (EV) manufacturer’s 2019 cost-cutting drive, it has been claimed.
Honda has joined BMW/Mini and Toyota in making plans for a temporary post-Brexit shut-down period at their UK manufacturing plant.
The SMMT has attributed UK car manufacturing’s “serious” decline in productivity of 19.6% during November to falling business and consumer confidence caused by Brexit.
Audi suffered a near-70% decline in registrations in its home market of Germany during September as the effects of the roll-out of the Worldwide Harmonised Light Vehicle Test Procedure was felt.
Jaguar Land Rover will follow recent moves to cut 1,000 agency and place workers at Castle Bromwich on a three-day week with a two-week manufacturing freeze at its Solihull plant.
Volkswagen Group brands accounted for 49% of the UK’s total registrations decline of 20.5% (87,336 vehicles) as the brand’s WLTP-related supply woes were felt by car retailers in September.
The Society of Motor Manufacturers and Traders has claimed that a ‘no-deal’ Brexit will undermine the automotive sector’s ability to operate and “cannot be an option”.
Jaguar Land Rover will move around 2,000 of its manufacturing staff onto a three-day week as it battles against the headwinds of anti-diesel sentiment and Brexit.
The Society of Motor Manufacturers and Traders has conceded that UK-based car makers are not ready for a ‘no deal’ Brexit after revealing that manufacturing levels had declined by 3.3% in the first half of 2018.
Volvo has confirmed it will expand production of the XC40 to meet unexpected demand for its recently-released compact SUV.
A 5.2% uplift in UK car manufacturing outputs during April was not enough to arrest a double-digit decline in supply for the domestic market since the start of the year, the SMMT has reported.
Demand for UK-built cars saw a double-digit decline during March to leave the manufacturing sector’s Q1 output down 6.1%, the Society of Motor Manufacturers and Traders has revealed.
The Society of Motor Manufacturers and Traders (SMMT) has set out its priorities to assure the UK automotive industry’s future success – a year ahead of Brexit.
