UK Car Industry Investment Plummets Due To Brexit

[taio]

Agreed. Problem is that even that can't be agreed by the govt due to the divisions in their party.

Time will tell. No one has a clue. Because negotiations are ongoing.

[charlyt]

All European car production has been in in a slow constant decline since 2013.
Many factors are to blame, not simply Brexit.|
Slow down in punters buying = slow down in investment.

[nil_desperandum]

Frances 35 hour per week rule, and the fact we have to top up their pensions because of it, is as good a reason for Brexit as I can think of

You posted this yesterday, and I asked you to explain what you meant, since I can neither understand your post, nor find any reference to it anywhere. If you've a source for this claim, then I'm genuinely interested, but otherwise I'll continue to believe you either misunderstood something you read or just made it up.

[Damo]

You posted this yesterday, and I asked you to explain what you meant, since I can neither understand your post, nor find any reference to it anywhere. If you've a source for this claim, then I'm genuinely interested, but otherwise I'll continue to believe you either misunderstood something you read or just made it up.

Sorry, I've been really busy. I just googled this. It took.me 30 seconds.
http://www.telegraph.co.uk/news/worldne ... -bomb.html" onclick="window.open(this.href);return false;

[Walton]

That's not what you said though is it.

Your wording intimated that we were going topping up the pensions of the French because they 'only' work 35 hour weeks.

[Sidney1st]

https://www.expatica.com/fr/employment/ ... 04533.html" onclick="window.open(this.href);return false;

[mikeS]

We won't need cars soon anyway. Jet packs and teleporting will soon be the norm.

[nil_desperandum]

Sorry, I've been really busy. I just googled this. It took.me 30 seconds.
http://www.telegraph.co.uk/news/worldne ... -bomb.html" onclick="window.open(this.href);return false;

I don't see how this article in any way relates to what you posted.
It's nothing to do with France,(other than France is one of currently 28 EU countries).
It's nothing to do with a 35 hour week.
Little wonder that I could find no reference to what you were claiming. Anyway, at least I now know the source of your grievance. I'm sure many will be unhappy about the EU pensions, but you weaken your argument when you link it to something that is totally irrelevant to the point you were trying to make.

[Sidney1st]

https://www.ft.com/content/c04fb1ce-c56 ... 2b2cb39656" onclick="window.open(this.href);return false;

"Higher taxes will be placed on new diesel vehicles in the UK in this month’s Budget, as the government tries to nudge drivers towards less polluting alternatives."

This might help explain why car sales have slowed down in the UK....

Not that I know what I'm talking about of course

[Damo]

https://www.ft.com/content/c04fb1ce-c56 ... 2b2cb39656

"Higher taxes will be placed on new diesel vehicles in the UK in this month’s Budget, as the government tries to nudge drivers towards less polluting alternatives."

This might help explain why car sales have slowed down in the UK....

Not that I know what I'm talking about of course

Don't be silly Sidney.
It's all because of Brexit

[UpTheBeehole]

What, so a future tax rise explains why cars weren't being sold in high numbers a few months ago???????????

Ok then.

[BigChaCha]

Did anyone really expect Brexit to be easy? I always thought it would be a good 5 years at least before it settled down to some kind of normality.

[Damo]

What, so a future tax rise explains why cars weren't being sold in high numbers a few months ago???????????

Ok then.

What so a future trade agreement explains why cars weren't being sold in high numbers a few months ago??????????

Ok then.

[UpTheBeehole]

What so a future trade agreement explains why cars weren't being sold in high numbers a few months ago??????????

Ok then.

It 100% explains it. Read the thread. Read the data. Read the sources.

[bfcjg]

Panic over, I'm buying a new one in January when the best deals are on.

[JohnMcGreal]

Did anyone really expect Brexit to be easy? I always thought it would be a good 5 years at least before it settled down to some kind of normality.

Liam Fox did:

https://www.theguardian.com/politics/20 ... an-history" onclick="window.open(this.href);return false;

So did John Redwood:

http://johnredwoodsdiary.com/2016/07/17 ... gotiation/" onclick="window.open(this.href);return false;

and Nigel Farage:

http://www.bbc.com/news/av/uk-politics- ... for-brexit" onclick="window.open(this.href);return false;

and David Davis:

http://www.conservativehome.com/platfor ... itain.html" onclick="window.open(this.href);return false;

and Paul Nuttall:

http://www.express.co.uk/news/uk/755210 ... tions-easy" onclick="window.open(this.href);return false;

and Douglas Carswell:

http://www.express.co.uk/news/politics/ ... referendum" onclick="window.open(this.href);return false;

and Michael Gove:

http://www.huffingtonpost.co.uk/michael ... 28548.html" onclick="window.open(this.href);return false;

and Boris Johnson:

http://www.independent.co.uk/news/uk/po ... 04846.html" onclick="window.open(this.href);return false;

[Sidney1st]

What, so a future tax rise explains why cars weren't being sold in high numbers a few months ago???????????

Ok then.

You should really stop commenting...
You're well out of your depth on this one.

[Sidney1st]

It 100% explains it. Read the thread. Read the data. Read the sources.

Same applies to you here.

Forming your own opinion is also useful.

[UpTheBeehole]

You should really stop commenting...
You're well out of your depth on this one.

Please, please please explain how a hitherto unknown tax rise stopped people buying cars months ago.

[Sidney1st]

I've explained it on here, changes in technology, changes in demands for certain models etc.
Went into great detail.

You choose to ignore all of it, so I'm going to talk to the wall instead, it might actually listen.
Your issue is you decided to take as fact something spouted off by that bloke when he's being political instead of impartial.

[UpTheBeehole]

You posted something saying it was because of a future tax rise!

[RingoMcCartney]

Liam Fox did:

https://www.theguardian.com/politics/20 ... an-history" onclick="window.open(this.href);return false;

So did John Redwood:

http://johnredwoodsdiary.com/2016/07/17 ... gotiation/" onclick="window.open(this.href);return false;

and Nigel Farage:

http://www.bbc.com/news/av/uk-politics- ... for-brexit" onclick="window.open(this.href);return false;

and David Davis:

http://www.conservativehome.com/platfor ... itain.html" onclick="window.open(this.href);return false;

and Paul Nuttall:

http://www.express.co.uk/news/uk/755210 ... tions-easy" onclick="window.open(this.href);return false;

and Douglas Carswell:

http://www.express.co.uk/news/politics/ ... referendum" onclick="window.open(this.href);return false;

and Michael Gove:

http://www.huffingtonpost.co.uk/michael ... 28548.html" onclick="window.open(this.href);return false;

and Boris Johnson:

http://www.independent.co.uk/news/uk/po ... 04846.html" onclick="window.open(this.href);return false;

Non of the above thought that, rather than put the interests of the millions of Europeans, they purport to represent, first. By agreeing to a MUTUALLY beneficial deal. They'd try and bully the UK into screwing us out of billions of pounds of UK tax payers money to maintain their bloated salaries, pensions and lavish, cosseted lifestyles, first.....

Looks like the usual gaggle of economically masochistic Remoaners are chearing them on with glee!

Hurt me! Hurt me!

[Sidney1st]

*sigh*

I listed that as one of several potential reasons for a slow down in sales of UK built vehicles.

Again, you're failing to understand the conversation...

[Pstotto]

Make new products start new businesses. Cars are over anyway.

[aggi]

An interesting snippet from the business select committee hearing

Honda UK telling MPs it imports 2 million components a day from Europe on 350 trucks and holds 1 hours worth of stock. It would take 18 months to put customs admin in place but every 15 minutes of delay would cost £850,000 a hour. That's not including WTO tariffs of 10% and 4.5%

I was aware that most manufacturers were using JIT but I didn't realise just how fine the margins were.

[Sidney1st]

An interesting snippet from the business select committee hearing

Honda UK telling MPs it imports 2 million components a day from Europe on 350 trucks and holds 1 hours worth of stock. It would take 18 months to put customs admin in place but every 15 minutes of delay would cost £850,000 a hour. That's not including WTO tariffs of 10% and 4.5%

I was aware that most manufacturers were using JIT but I didn't realise just how fine the margins were.

It's been that way for a number of years, maximises floor space at plants etc.

BMW have had similar gripes prior to Brexit even being an issue about Oxford etc.

[ClaretMoffitt]

You should really stop commenting...
You're well out of your depth on this one.

Legit the worst poster on this forum.

Even the people who support his arguments cringe at some of the stuff he comes out with.

[CrosspoolClarets]

Lets not forget that although not to the same degree, Honda could relocate to France and still have to import loads of parts from the UK, so would still face a huge problem. Relocating the entire supply chain wouldn’t be possible in the timeframe. There wouldn’t be certain specialist skills.

That’s why a deal is a near certainty and why we shouldn’t be too weak in agreeing one that cuts off our Brexit advantages.

[Lancasterclaret]

But this isn't about relocating the supply chain though is it?

Its about the delays caused by non-membership of the customs union.

I spent eleven years of my working life in European haulage and anyone who thinks that this is not going to be an issue isn't looking at it correctly.

Whatever happens with Brexit, membership of this so we can continue the frictionless trade is absolutely essential.

[Quickenthetempo]

But this isn't about relocating the supply chain though is it?

Its about the delays caused by non-membership of the customs union.

I spent eleven years of my working life in European haulage and anyone who thinks that this is not going to be an issue isn't looking at it correctly.

Whatever happens with Brexit, membership of this so we can continue the frictionless trade is absolutely essential.

It would be nice if they set up a factory to build the parts they need in the UK.

[Sidney1st]

It would be nice if they set up a factory to build the parts they need in the UK.

Cost of labour means it isn’t viable.

People complain about Chinese products, but even main dealers are supplied by Chinese companies.

[Lancasterclaret]

If you force multi-nationals to have to make major capital decisions over this, then we are going to lose out.

I've no idea, but we don't have any cars/vans/lorries that are only produced here and nowhere else in the EU do we?

[Lancasterclaret]

Cost of labour means it isn’t viable.

On the day of the referendum result, someone on twitter posted

"yay, get the factories in Burnley open again"

Its a laudable idea, but those times have gone.

[Sidney1st]

Did they really?

The only way that would happen would be stupidly high tariffs on certain imports.
Plus knocking up a new and modern factory just isn't worth it sometimes.

[ClaretEngineer]

Jaguar Land Rover currently on a large scale recruitment drive owing to a 30% increase in engineering activity.

[Sidney1st]

Would that be for retooling their factories for the full change to hybrid technology?

[Walton]

Aston Martin have said that hard Brexit will be 'semi-catastrophic' and they will have to cease production

http://www.huffingtonpost.co.uk/entry/a ... 48a0dd499

[ClaretEngineer]

Would that be for retooling their factories for the full change to hybrid technology?

I didn’t ask the specifics, but was sent through a number of permanent design roles by a friend that works there. He said a number of new opportunities in design have opened up due to an increase in engineering activity.

Design Engineering jobs at JLR has never come up since I’ve been looking to change job. In fact it’s also rare to find permanent positions available, most are contract.

[Sidney1st]

Aston Martin have said that hard Brexit will be 'semi-catastrophic' and they will have to cease production

http://www.huffingtonpost.co.uk/entry/a ... 48a0dd499

Only until a resolution of some sort is found.

Besides, they'd end up failing to fulfil this deal, amongst others.

http://www.bbc.co.uk/news/uk-wales-41093121" onclick="window.open(this.href);return false;

[bpgburn]

I've been in the Automotive Industry for nearly 30yr and as a 1st tier supplier we are currently touting for new business from 3 major OEM's who have vowed to make their high volume new models here and source pressings, assemblies etc from UK suppliers. JLR as stated above expanding and investing heavily...
Magna the giant Canadian automotive 1st tier supplier have just built a brand new factory in the Midlands creating 700 new jobs.
Gestamp one of the largest tier one suppliers in Europe are expanding their UK site(s) after winning lucrative contracts...Just saying like.

[Sidney1st]

Sorry, no positive news is allowed on here.

Prepare to be schooled by the naysayers.

[Quickenthetempo]

I know. will you stop it. They will all be searching the internet like mad now for more stuff to pedal their agenda.

[bpgburn]

My bad..

[evensteadiereddie]

"Pedal" their bikes, more like, at this rate................

[CrosspoolClarets]

But this isn't about relocating the supply chain though is it?

Its about the delays caused by non-membership of the customs union.

I spent eleven years of my working life in European haulage and anyone who thinks that this is not going to be an issue isn't looking at it correctly.

Whatever happens with Brexit, membership of this so we can continue the frictionless trade is absolutely essential.

I think that the point I made which led to your response was to suggest that a deal will happen, because it has to happen or these big companies will be hammered whichever country they site themselves in. We are too big not to be crucial to the supply chains. A deal is essential, I agree. Where I may not agree is that it has to be the Custom’s Union. It will be a different type of Free Trade Agreement, similar to the EEA but unique in that we are so much bigger and more crucial than those nations.

Our red lines are that we have to take back control. That means control of free movement (though probably significant concessions, such as EU citizens not paying the same as non-EU citizens for a UK university education). It means we have to have control of our money (though choosing to pay a hefty “divorce” bill may be prudent). It also means control of regulations (though noting that to have a FTA we need to have some kind of regulatory similarity). It means control of our laws. Finally, it means control of our ability to set our own tariffs and agree our own FTAs worldwide in keeping with our industries not the average EU ones (this is the one that is crucial to making poor people in the UK more wealthy).

The crucial aspect of this FTA will be the Rules Of Origin. We would need to retain an agreement not to rebuild custom’s checks for trade with the EU and EEA. We can thus be out of the Custom’s Union, but effectively be in it. The EU would be free to focus on the Eurozone, we would be free to kick on, and neither lose what they have now.

I think the EU will roll with that. As long as we give them a hefty payment up front. It is a Brexit that is both Soft and Full.

[Sidney1st]

http://www.carmagazine.co.uk/car-news/f ... n-pictures" onclick="window.open(this.href);return false;

Looks like it's business as usual at Aston Martin.

Phew.

[RocketLawnChair]

http://www.carmagazine.co.uk/car-news/f ... n-pictures

Looks like it's business as usual at Aston Martin.

Phew.

I supply into a tier 1 supplier of Aston Martin Sidney (so effectively I'm a tier 2 supplier) and our orders are reaching unprecedented levels.

We are slightly more expensive than our European competitors but our quality and reliability of delivery set us way ahead from the rest. The Top Companies will always pay for that quality of service whether you are in the EU or not.

[Sidney1st]

According to someone who posted a link , it's all Doom and gloom at Aston Martin

[UpTheBeehole]

UK car sales slump in November

Breaking: UK car sales slumped by over 11% in November, led by a startling decline in diesel sales.

This confirm that demand has now fallen for eight months in a row, putting the sector on track for its first annual decline since 2011.

The Society for Motor Manufacturers and Traders reports that car registrations shrank by 11.2% in November to 163,541 units.

[UpTheBeehole]

Ford UK sales down 16% year on year to november

Vauxhall sales down 35% over the same period.

Vauxhall's drop in sales is already leading to job losses
https://www.theguardian.com/business/20 ... stra-falls