Britain’s recent vote to leave the European Union could cause General Motors to up and leave the country, industry analysts predict.
Production of Vauxhall and Opel vehicles could shift across the Channel if the EU places import tariffs on vehicles bound from Britain, LMC Automotive said in a report, ending GM’s decades-long presence. (Read More…)
Jaguar Land Rover’s brands are as British as crumpets and the Union Jack (ignore the fact that it’s owned by India’s Tata Motors), so concerns over Britain’s vote to leave the European Union should fall squarely on its tweed-covered shoulders.
The automaker is keeping a stiff upper lip, at least in public, with a spokesperson saying the company doesn’t plan to make changes to its strategy, Reuters reports.
A $1.34 billion assembly plant in Slovakia is going ahead as planned, said Jaguar Land Rover strategy director Adrian Hallmark, who called the Brexit a “short-term issue” during a news conference. (Read More…)
After Britain referendumed themselves right out of the European Union last week, there was plenty of talk about how the country’s automakers would fare in the wake of the Brexit.
But what about an Italian-American automaker? Today, investment bank Goldman Sachs removed Fiat Chrysler Automobiles from their “conviction” buy list, citing uncertainty over the fate of the EU, Bloomberg reports. (Read More…)
Listen, we don’t want any trouble.
St. Paddy’s Day is a time for all of us — black and white, Irish and American, Catholic and Protestant and all those other religions — to come together and figure out how much green food coloring can be consumed before it has a laxative effect.
But, as we think of the Emerald Isle today, our minds can’t help but be reminded of a famous and totally ballin’ export from the troubled north — the DeLorean DMC-12. (Read More…)
The reborn sportscar maker TVR says it has “sold out” of its first model since shuttering in 2006, Autocar is reporting. Reportedly, none of the prospective owners, who have deposited £5,000 ($7,700 USD), have seen pictures of the new car.
The new model will be a V8-powered sportscar designed by Gordon Murray, with engine development from Cosworth and production by humans, rather than unicorns. The company said it took 250 deposits six weeks after it began accepting them in July.
For the first time since 1966, the United Kingdom’s automobile industry will likely build more cars than those built in France. Increasing domestic and export sales are expected to make 2013 a record year for car manufacturing, putting Great Britain in third place among car producing countries in Europe, behind Germany and Spain. UK car production is estimated to reach 1.55 million units, up from 1.47 million the previous year and 1.35 million in 2011. In contrast, French car production for 2013 is expected to fall to ~1.54 million units, down from 1.66 million in 2012 and 1.88 million the year before that. Some analysts and industry executives predict UK car production to hit 2 million by 2017 as investments to plants bear fruit.
Dacia showed off their Lodgy MPV today, giving more fodder for Dacia fans who became aware of the brand via their slavish devotion to Top Gear. The Lodgy is a small minivan available in 5 or 7 seat configuration and sold under a Romanian auto brand certain to go on sale in the rest of Europe, but maybe not in the UK.