Brexit

UK car production falls almost 10% 0

A sharp drop in the amount of cars produced in the UK last month has been blamed on manufacturers preparing their production lines for a glut of new models. This is the second month in succession that vehicle assembly has slowed in the UK. Since the Brexit referendum this time last year, the car sector(…)

UK cars are becoming more British – but still lag behind Euro rivals 0

Vehicles manufactured in the UK are steadily becoming more British, justifying the push to increase the amount of domestically produced components. In a new study by the Automotive Council, it was revealed that 44% of the parts and components used to manufacture the 1.7 million cars rolling of UK production lines were also made domestically.(…)

Brexit: Motorists are backing a trade agreement and more UK factories 0

UK motorists are no longer fearing the worst when contemplating the automotive industry in a post-Brexit Britain with thousands looking forward to opportunities such as free trade, British-made cars and better jobs. A new study conducted by Servicing Stop, asked more than 1,600 motorists about what they think might happen once Britain leaves the European(…)

Toyota to invest £240 million into UK plants 0

In what comes as welcome news amongst the post-Brexit uncertainty, Japanese car giants, Toyota, have announced they are set to invest £240 million upgrading their UK car plant. The plans show a commitment by the manufacturer to remaining in Britain once the country has departed from the EU. The investment is met by an injection(…)

2016 – a record year for UK new car registrations 0

2016 saw a whopping 2.7 million new cars registered; though experts are predicting a fall in 2017, as Brexit negotiations start to bite. Last year was a record breaking year for registrations, but the pound in its current weaker position, plus the impending exit talks should see an end to the boom, experts are predicting.(…)

Car production drops for first time in 14 months 0

A drop in domestic demand was the main reason for UK car production falling for the first time in 14 months, industry figures revealed. According to the Society of Motor Manufacturers and Traders (SMMT), 151,795 vehicles were manufactured, a drop of 1% compared to October 2015. The reason for the drop in production was attributed(…)

Hyundai to maintain prices post-Brexit 0

Hyundai has opted to maintain its UK pricing at the same rate following the UK’s Brexit vote. Several car manufacturers, including Ford, Honda and Suzuki have raised their UK prices following the decision to leave the EU. This follows in the wake of resultant fluctuations in the pound. The South Korean company however believes keeping(…)

UK car exports flourishing – but post Brexit Britain slumping 0

Doubts about the economy started to affect the car industry last month. A 10.6% drop in the amount of UK-built vehicles sold within the country, contrasted to this time last year. Figures released by the Society of Motor Manufacturers and Traders (SMMT) detailed the production to sales figures, but also showed that this dip was(…)

Honda to continue building cars in the UK for the time being 0

In a statement, Honda said that it had “no plans for now” to withdraw from the UK market after the government said it was pursuing a deal to shield the car manufacturing industry following the country’s exit from the EU. Japan’s third largest car manufacturer made the statement following comments by Greg Clark, the UK(…)

Toyota to stay in UK despite Brexit 0

In welcome news post Brexit; the world’s largest car manufacturer, Toyota, has said it intends to remain in the UK, even if trading conditions should change following Britain’s exit from the EU. The executive vice-president of the Japanese giant, Didier Leroy, said it trusted the UK government to provide “fair treatment” allowing businesses to maintain(…)