Brexit

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(…)

August sees UK car sales continue to grow 0

The UK car industry continued to thrive throughout August, despite warning about the implications of Brexit. Figures showed car sales were in fact up, ahead of projected figures that had predicted a slump. Throughout the month of August, over 81,600 new cars were registered, up 3.3% compared to the corresponding month last year. This brings(…)

On-going issues in Europe pose threat to automobile industry, warns Daimler chief 0

With the potential ‘Brexit’ and the migrant crisis, Europe has got carmakers in a spin. The potential dismantling of Europe’s Schengen free-travel agreement to help deal with the flow of refugees and migrants poses a threat to the auto industry and leaves their manufacturing system extremely vulnerable, according to chief executives of both Opel and(…)