Tag Archives: Brexit

Brexit Bloody Hell! Now Stock Exchange Issues

Well, it seems that there are risks posed by jurisdictional share trading obligations, which “could increase market fragmentation and impose unnecessary costs on investors,” the SEC said in a whistling past the graveyard observation. Hell, it’s not even clear that the UK can continue to be a key market for funds and fund managers in the United States. Continue reading

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Doomsday? No-Deal Brexit Impact on UK Light Vehicle Market

If the UK leaves the EU without a deal, then the LMC assumption would be that vehicles exported to the EU from the UK would be subject to a tariff of 10% as the UK would, by then, have become a ‘third country’ under EU trade rules. Continue reading

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Cars for Cheese? EU Turning Point in Japanese Localization

In 2018, the three UK Japanese transplants of Nissan, Toyota and Honda collectively produced over 730,000 cars, which represent almost half of all Light Vehicles built in Britain. Continue reading

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British Car Manufacturing Declines -19.6% In November

While home production fell by -1.9% in the month, exports experienced a steeper -22.8% drop – falling for the fifth month in a row. Just over 105,000 cars were exported to global markets in November, still representing some eight in every 10 cars leaving British factories. Continue reading

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No Deal Brexit to Cost UK Auto Sector £9 Billion Per Year

It’s not only angry Trump voters who are self-destructive, the UK under the Brexit fiasco is about to lose £9 Billion a year due to a conservative Republican-like temper tantrum that will materially hurt middle class workers, as well as society as a whole. Continue reading

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Significant Obstacles Hinder Automation of Truck Transport

Findings reveal – not surprisingly – that transport companies are concerned about macro global issues. More than (57%) see geopolitical uncertainty as the biggest threat facing the sector – from escalating international trade wars to growing concerns around Brexit. Continue reading

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EU September Passenger Car Sales Plummet

ACEA claims this should not come as a surprise, as the introduction of the new WLTP test at the beginning of last month caused an exceptional surge in registrations in August (+31.2%). As a result, most EU countries suffered double-digit losses in September, including the five major markets. Continue reading

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GM to Announce Sale of Opel/Vauxhall this Monday with Investors’ Call and a Press Conference

If the deal goes through, it would mean GM’s presence in Europe would be limited to niche sales of Cadillac, and Chevrolet Camaro and Corvette models – all of them exports. PSA is the third largest automaker in Europe behind Renault. Volkswagen Group leads in Europe PSA Group’s sales were 1,930,000 vehicles and increased by 3.6% in 2016. In 2016, global sales increased by 5.8%, to 3,146,000 units. Continue reading

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Jaguar Land Rover Largest Automaker in Britain

How this works out under Brexit rains to be seen. The importance of the UK market varies substantially for different automakers. Jaguar Land Rover, Honda and Ford have “strong exposure to risks,” says LMC. Continue reading

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Win, Win? GM to Sell Opel to PSA

The combined volume of the groups could exceed current second-placed Renault-Nissan but would still be well short of market leader VW group. Continue reading

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Nissan to Start Autonomous Vehicle Tests in London

One in three cars built in the UK is a Nissan, but following the Brexit dustup (Brexit Automaker Winners, Losers – Predictable and Surprising, ‘Bloody Hell,’ What Does Brexit do to Automakers?), it’s not clear Nissan will stay in the UK. Continue reading

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General Motors President Daniel Ammann Sells 10,000 Shares

While GM execs have been trying to talk up the stock price, the trading record is much less optimistic. The range of share prices peaked at more than $40 per share in December of 2013, but has been languishing in the $35 range recently. Continue reading

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Penske Automotive Reports Record Q3 Results

Our business continued to perform well in the third quarter, producing another quarter of record results despite the translation effects from foreign currency headwinds,” said Penske Automotive Group Chairman Roger S. Penske. Continue reading

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Brexit Automaker Winners, Losers – Predictable and Surprising

To state the obvious, new investment in the UK – expansion of current manufacturing or new capacity – for manufacturers with viable alternatives in the EU appears unlikely until the current uncertainty diminishes. This economic chaos could last for years. Continue reading

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‘Bloody Hell,’ What Does Brexit do to Automakers?

The uncertainty does not bode well for Ford Motor Company or General Motors, both with struggling European operations. Both were ashen silent today. Continue reading

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