First Jaguar, now MINI. Brexit is already playing havoc with the business of making cars in the United Kingdom and striking fear into global automakers. BMW said Tuesday that it would shut its MINI factory in England for one month of maintenance immediately after Brexit because it can’t be sure of getting the parts it needs if the United Kingdom leaves the European Union without a trade deal. Brexit will take effect on March 29. The MINI shutdown will begin on April 1. “While we believe this worst-case scenario is an unlikely outcome, we have to plan for it,” said BMW, which employs 4,200 workers at its MINI plant in Oxford.
Britain’s biggest carmaker Jaguar Land Rover said it will go down to a three-day production week at its Castle Bromwich plant in central England just days after Ralf Speth, Chief Executive Officer of Jaguar Land Rover, warned about the impact of Brexit and diesel policy on manufacturing. Tata Motors-owned Jaguar Land Rover on Monday confirmed a cut in its production schedule at the Castle Bromwich plant which manufactures Jaguar cars due to “continuing headwinds” impacting the British car industry.
Jaguar Land Rover reported total worldwide retail sales of 36,144 vehicles in July 2018, down 21.6% year on year, primarily reflecting transitional issues in certain markets. July2018 Changeyear-on-year Jan – July 2018 Changeyear-on-year JaguarLand Rover 36,144 (21.6)% 354,363 (2.4)% Jaguar 10,992 (15.2)% 105,047 (2.9)% Land Rover 25,152 (24.0)% 249,316 (2.2)% Retails for July were down in China (46.9%), reflecting continued market volatility in the first month of the duty change as well as trade tensions. Sales were also down in Europe (26.5%) and the UK (18.3%), impacted by the industry-wide issue of delays in WLTP certification of 2019 model year vehicles. Jaguar Land Rover has made good progress however and all its vehicles are certified or expected to be shortly. Retail sales were also down in North America (9.5%), resulting from softer industry volumes (down more than 3%) combined with […]
Prof. Dr. Ralf Speth, Chief Executive Officer of Jaguar Land Rover Automotive plc, Britain’s largest vehicle manufacturer, has called on the UK Government to urgently provide post-Brexit certainty for business including guaranteed tariff-free access and frictionless trade with the European Union. Ahead of the publication of a White Paper outlining the Government’s proposed post-Brexit trading relationship with the EU, Dr. Speth said: Jaguar Land Rover’s heart and soul is in the UK. However we, and our partners in the supply chain, face an unpredictable future if the Brexit negotiations do not maintain free and frictionless trade with the EU and unrestricted access to the single market. We urgently need greater certainty to continue to invest heavily in the UK and safeguard our suppliers, customers and 40,000 British-based employees. A bad Brexit deal would cost Jaguar Land Rover more than £1.2bn […]
Rolls-Royce Motor Cars and Rolls-Royce plc are two completely and distinctly different companies. The two companies branched in 1998 after BMW licensed the rights to the Rolls-Royce brand name and logo from Rolls-Royce plc and acquired the rights to the Spirit of Ecstasy emblem and Rolls-Royce grill shape trademarks from Volkswagen AG. Rolls-Royce plc is a British multinational public limited company incorporated in February 2011 that owns Rolls-Royce, a business established in 1904 which today designs, manufactures and distributes power systems for aviation and other industries. Clear as mud? Now that the groundwork is out of the way, Rolls-Royce Motor Cars issued a statement today clarifying their financial standing. This was issued after Rolls-Royce plc that it is scrapping thousands of white-collar posts at the jet-engine giant in a bid to redress the balance and unleash the potential of an 80 billion-pound […]
Jeremy Hicks, the managing director of Jaguar Land Rover in the UK has accused the government of scaring off car buyers and damaging the motor industry with its lack of clarity on vehicle emissions and car taxation policy. Addressing delegates at CDX – the UK’s largest motor trade expo – Hicks said the government’s failure to make its position clear was causing consumers to ‘hold off’ their next car purchase and directly responsible for falling car sales.
The results are in and for the fifth consecutive month, MG Motor UK is reporting record-breaking sales figures. According to results released by the Society of Motoring Manufacturers (SMMT), MG achieved 0.5% share of the new car market in April, its highest ever monthly share since its relaunch in 2008. Year to date MG is the fastest growing automotive brand in the UK and on track to double its sales volume this year. Central to the success of MG has been the All-New MG ZS. Stylishly-designed with 448 liters of boot space and lots of extras including Apple CarPlay, SatNav and Cruise Control the Compact-SUV is a tempting offer. With prices starting from just £12,495, the MG ZS is the best value-for-money SUV on the market.
Jaguar Land Rover Classic is accelerating its global expansion strategy with the opening of a brand-new Classic Centre in Germany – the first facility of its kind outside the UK. The new Classic Centre in Essen is directly operated by Jaguar Land Rover Classic, providing factory service in Germany. In addition, the company is also introducing a service to support classic car enthusiasts seeking pre-owned Jaguar Land Rover classic vehicles using the new ‘Works Legends’ online portal available at www.jaguarlandroverclassic.com/workslegends.
Astra La Vista Vauxhall has terminated contracts with all its 326 dealerships. This will lead to Vauxhall closing one in three of its dealerships across Britain. This will affect 3,700 British jobs The company will scale back its operation amid falling sales and changes to the way motorists buy cars. Vauxhall Motors Limited is one of the oldest established vehicle manufacturers and distribution companies in the United Kingdom and has its headquarters in Luton, Bedfordshire, England. Although at first an independent manufacturer and at one time a subsidiary of GM, it is now a subsidiary of the French automotive giant Groupe PSA which also manufactures vehicles under the Opel, Peugeot, Citroën, and DS brands.
Jaguar Land Rover, the UK’s biggest auto manufacturer, is cutting 1,000 jobs in the UK as the diesel scandal and slumping sales hit the beloved British brand. Now owned by India’s Tata Motors, JLR employs about 40,000 workers in the UK who produce over 500,000 vehicles a year. The company is cutting the jobs at the Birmingham factory that manufactures the Jaguar F-Pace, Land Rover Discovery, and various Range Rover models. Demand for Jaguar Land Rover cars has fallen in Europe due to fallout from the VW led diesel emissions scandal. Jaguar Land Rover pointed out that “the huge drop in demand in diesels” led to its decision not to renew the contracts of 1,000 workers. Partially behind the decision is also said to be a sharp decline in British car sales that seems to be caused by a loss […]
Morgan Motor Company has announced record profitability and growth as it continues to roll out a long-term strategic plan under the guidance of Chairman Dominic Riley, Managing Director Steve Morris, and family shareholders – keeping up the positive momentum in the family-owned business. Year-end financial reports released today announced record growth from the 109-year-old company with a 19 percent increase in revenue against 2016 to £36m, improved group margins with an increase of 12 percent, a 13 percent increase in group net assets and an increase in pre-tax profits to £2m. Last year saw strong performances from all sectors of the Morgan business, including a new technological partnership with Frazer Nash for EV development, futureproofing with long-lead new model planning and strategic in-house appointments within the management team coupled with increased marketing activity.
McLaren Automotive has been announced as Britain’s leading mid-market growth company in a national survey released this week. Following another record-breaking year for vehicle sales and financial performance, the world-renowned creator of luxury sports and supercars has been ranked as the number one company overall in The Sunday Times Top Track 250 league table.
Aston Martin Holdings (UK) Ltd, the producer of luxury handcrafted sports cars, today welcomed a decision by Moody’s Investors Service to upgrade its credit rating for the company. The upgrade follows the earlier change in outlook from Stable to Positive, as well as the publication of Aston Martin’s sharply improved first-half financial results.
Jaguar Land Rover North America, LLC today reported August 2017 U.S. sales: Jaguar sales were 3,101 units, a 6 percent decrease from 3,298 units in August 2016; Land Rover sales increased 5 percent to 6,320 units from 6,031 in August 2016; Jaguar Land Rover August U.S. sales for both brands hit 9,421 units, a 1 percent increase from 9,329 units in August 2016. Year to date, Jaguar Land Rover is up 13 percent in the United States, ahead of 2016’s record sales year pace. We are pleased to notch a small increase in August in the face of a challenging marketplace. Despite the headwinds, record monthly sales for Range Rover, and the launch of the Range Rover Velar, helped the Land Rover brand set a new U.S. August sales record. — Joe Eberhardt, President and CEO, Jaguar Land Rover North America, LLC
Aston Martin, the producer of luxury handcrafted sports cars, will drive trade and investment between the United Kingdom and Japan worth up to £500 million over the next five years of its Second Century business plan. The investment program was announced by Dr. Andy Palmer, Aston Martin President and Chief Executive Officer, during his visit to Japan as part of the UK delegation accompanying British Prime Minister Theresa May. The trade and investment created by the company signals the importance of the Japanese luxury car market to the global success of Aston Martin.
Aston Martin has announced that it has bumped up its revenue forecasts for the second time this year following a record six months of profits. The renowned British carmaker today announced a pre-tax profit of £21.1m for the six months to 30 June. During the same period last year, the firm suffered e a loss of £82.3m.
The most recent new car registration stats from the SMMT show a decline in passenger car registrations in July, but MG Motor UK is continuing to outperform the market. The Longbridge-based business not only registered a total of 305 new cars across July (an increase of more than 4% year-to-date compared to 2016), but an additional five new dealerships joined the network. The latest stats confirm MG’s strong year-to-date growth and can be attributed to network expansion and development. This stands in contrast to the subdued new-car market, which was down by over 2% in the first seven months of 2017 compared to 2016.
British sports car and supercar manufacturer, McLaren Automotive, today announces yet another record-breaking year in respect of vehicle sales, profitability, and financial performance. Profit before tax of £9.2M from an annual sales revenue of £649.8M in 2016 gave McLaren Automotive a fourth consecutive year of profitability in only six years, since the start of sales in 2011. This was an increase in profitability before tax of 70% compared to the £5.4M reported in 2015.
British specialist sports car maker The Lister Motor Company is currently the fastest growing company within the competitive British motor industry business sector, and the 28th largest in the UK market, according to independent analysis results just revealed by leading business finance specialists Plimsoll Publishing Limited. This research supports the fact that Lister’s sales have increased by 140 per cent over the previous 12 month period. This news follows Lister’s recent announcement that to date it is unique in being the only automotive company making original specification continuation cars that are eligible for fully-legal registration and road use. Unlike other continuation specials which are strictly limited to track use only, the new road legal Lister Knobbly is fully eligible for IVA type approval.
Jaguar Land Rover Automotive plc (JLR), the UK’s largest vehicle manufacturer, today reported a strong fourth quarter to finish the fiscal year with solid results demonstrating encouraging demand for both new and established models in the period to March 31, 2017. Retail sales were a record 604,009 vehicles, up 16% on the previous year led by the 2017 World Car and World Car Design of the Year award-winning Jaguar F-PACE and continuing strong demand for the Land Rover Discovery Sport and other models in the Jaguar Land Rover portfolio. Retail sales were up year-on-year in China (32%), North America (24%), the UK (16%) and Europe (13%).