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Brexit - or Article 50: the Phoenix!

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SwingsitlikeHogan said:
SMMT on the UK car industry in the event of there not being a deal struck by the end 2020 and UK having to trade with EU and the RoW under WTO rules

https://www.theguardian.com/busines...rexit-would-cost-uk-car-industry-40bn-by-2024

What do they know...Project Fear LOL :rolleyes:
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Not saying anything about the article either way but I am aware that the American car industry shrunk by 17% last year at a time when US overall economy grew by a similar amount. Globally, car sales are down significantly.

Honda pulling out of Swindon is a terrible loss, but its not the only Honda plant closing. Great article in the FT earlier this year about Japanese manufacturers of various products closing plant globally and retrenching back in Japan. Trade deals similar to the one the EU recently signed with Japan has led to an unexpected downside. If they are no longer subject to import tariffs, they no longer need a manufacturing facility in the EU.
 
SwingsitlikeHogan said:
SMMT on the UK car industry in the event of there not being a deal struck by the end 2020 and UK having to trade with EU and the RoW under WTO rules

https://www.theguardian.com/busines...rexit-would-cost-uk-car-industry-40bn-by-2024

What do they know...Project Fear LOL :rolleyes:
Click to expand...

Do you expect logic from the anti Brexit Guardian. 'Brexit' and the UK are not the only things happening in the world !!!

Car production worldwide has too much capacity and the switch to electric is an opportunity to take on new manufacturing processes so this encourages facilities and their locations to be rationalised. The EU and the USA are saturated markets - car sales growth will be in the emerging economies.
 
drdel said:
Do you expect logic from the anti Brexit Guardian. 'Brexit' and the UK are not the only things happening in the world !!!

Car production worldwide has too much capacity and the switch to electric is an opportunity to take on new manufacturing processes so this encourages facilities and their locations to be rationalised. The EU and the USA are saturated markets - car sales growth will be in the emerging economies.
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Indeed - but as a country we are not exactly doing ourselves any favours by leaving the EU just when car manufacturers are looking to pull manufacturing - hardly a risk mitigation activity...but what do I know. On the car manufacturing industry I know nothing...other than what I read.
 
SwingsitlikeHogan said:
Indeed - but as a country we are not exactly doing ourselves any favours by leaving the EU just when car manufacturers are looking to pull manufacturing - hardly a risk mitigation activity...but what do I know. On the car manufacturing industry I know nothing...other than what I read.
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You could look at the EU's own investigation into EU's funding of the Jaguar move to the Czech Republic. Its on the EU's own website. It breaks EU rules but, unsurprisingly, the EU's own investigation comes down on the side of the ..... EU.
 
pauldj42 said:
We could always worry about a No Deal Brexit.
https://www.bbc.co.uk/news/amp/business-50628644
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You mean that likely scenario when we can't negotiate a trade deal in a year when it has taken other countries many years to negotiate one? Project fear mate, will never happen, As long as Andrew Neil is not on the other side we know Boris is not afraid of a fight and we'll be fine. ;)
 
SwingsitlikeHogan said:
Indeed - but as a country we are not exactly doing ourselves any favours by leaving the EU just when car manufacturers are looking to pull manufacturing - hardly a risk mitigation activity...but what do I know. On the car manufacturing industry I know nothing...other than what I read.
Click to expand...

With all due respect I think before you continue to rubbish the UK and blame our ills on BREXIT based on the stories in UK-centric press's soundbites you should look at the international business scene. Other than the artificial growth in China, due to devalued currency rates, trade is hard and rationalisation is widespread. There are bigger pressures across the world than Brexit.
 
drdel said:
With all due respect I think before you continue to rubbish the UK and blame our ills on BREXIT based on the stories in UK-centric press's soundbites you should look at the international business scene. Other than the artificial growth in China, due to devalued currency rates, trade is hard and rationalisation is widespread. There are bigger pressures across the world than Brexit.
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Isn't it quite risky, to be making such a massive change, when the whole world's business/economy is struggling?
 
Hobbit said:
You could look at the EU's own investigation into EU's funding of the Jaguar move to the Czech Republic. Its on the EU's own website. It breaks EU rules but, unsurprisingly, the EU's own investigation comes down on the side of the ..... EU.
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I could indeed. But I am only observing that by leaving the EU the UK is simply exposing us to higher risk of a manufacturer deciding that UK manufacturing with the UK out of the EU is not as advantageous as it was when the UK was in the EU.

Of course a manufacturer might decide the opposite - when our new and expanded markets world-wide and the great tariff-free access trade deal we agree with the EU makes the UK an even more attractive manufacturing base than we have been when in the EU. But that's all for the future and who knows. All we know for sure is that manufacturers are looking closely and making difficult decisions now - and they too do not know the future of the UK.
 
spongebob59 said:
The Abacus has resurfaced


@HackneyAbbott

“The “lock ’em up & throw away the key” battle cry may suit a panicked politician in the middle of a general election campaign, but it isn’t going to keep us safe from another Usman Khan” ⁦
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And the connection with Brexit is?
 
pauldj42 said:
And the connection with Brexit is?
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MIA for most of this campaign, as member of the shadow cabinet, the content of the post is irrelevant other that it has nothing to do with the GE and therefore was unlikely to contain any gaffs. I have posted in this thread how many of the big hiter s in the labour party have been absent from the airwaves.
 
spongebob59 said:
MIA for most of this campaign, as member of the shadow cabinet, the content of the post is irrelevant other that it has nothing to do with the GE and therefore was unlikely to contain any gaffs. I have posted in this thread how many of the big hiter s in the labour party have been absent from the airwaves.
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Still irrelevant in this thread, maybe the terrorist thread would of helped,
plus you edited her comment with no context.
And have you questioned were all the tory big hitters are? Bit of balance would be nice at times.
 
pauldj42 said:
Still irrelevant in this thread, maybe the terrorist thread would of helped,
plus you edited her comment with no context.
And have you questioned were all the tory big hitters are? Bit of balance would be nice at times.
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No I haven't .
I'll remove the post if it upsets you that much
 
Hobbit said:
You could look at the EU's own investigation into EU's funding of the Jaguar move to the Czech Republic. Its on the EU's own website. It breaks EU rules but, unsurprisingly, the EU's own investigation comes down on the side of the ..... EU.
Click to expand...
It wasn't just jaguar land rover .. VW,BMW and Mercedes were all using that area and there was also an opportunity for the tier1 suppliers that work across all those brands, like the wheel and tyre assemblers, binnacle assemblers steering assemblers, suspension corner assemblers (basically Bosch! and a few others )

In the end that area will have some wealth generation and the local communities will benefit. Should they review, yes perhaps but just to see if it causes an issue.
I know for sure JLR could not build to their required capacity in the UK and the other Euro sites like Magna kill the profit margin on the models they produce (but building jags is distinctly different to building VWs, Mercs and BMWs due to the attribute team fudging)
 
drdel said:
With all due respect I think before you continue to rubbish the UK and blame our ills on BREXIT based on the stories in UK-centric press's soundbites you should look at the international business scene. Other than the artificial growth in China, due to devalued currency rates, trade is hard and rationalisation is widespread. There are bigger pressures across the world than Brexit.
Click to expand...

I don't believe I rubbished the UK (btw we might be 5th, 6th or 9th largest economy by GDP, but I think we are something like 23rd in GDP per capita).

https://www.investopedia.com/insights/worlds-top-economies/

I don't believe I actually blamed any UK economic ill on the Brexit - what I did was point out that leaving the EU (especially without a deal) removes one very major reason for car manufacturers keeping their production in the UK when they are consolidating production around the world. If you were looking to implement measures to keep car manufacturing in the UK, or protect it through a period of rationalisation, one thing you probably would not do would be to nullify one of the main reasons for the manufacturing plants being located here.

And I also suggested that leaving the EU might actually make the UK a more attractive place for car manufacturers when we have tariff-free access to the EU single market AND great new world-wide trade deals in place.
 
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