Britain’s carmaking industry is increasingly under threat

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 70 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 92%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

If another big firm decides to follow Honda and leave, the rise-and-fall pattern that has characterised British carmaking could become a downward spiral

have made it look more like a Morris Marina. Only around 770,000 cars emerged from British factories in 2022 . The country has gone from 13th in the carmaking league table in 2016 to 18th today.

Carmaking is an industry that directly accounts for 182,000 jobs and had a turnover of £67bn in 2021. But the chances of another revival in fortunes are ebbing, for three reasons:and, above all, its poor performance on electrification, the most profound shift in the industry since the advent of mass production.set up shop locally and other foreign firms snapped up the best British brands.

Brexit uncertainty also stymied investment at a crucial moment for the industry, says David Bailey of Birmingham University. Britain has not entirely lost out in the switch to battery power. Ford said in December that it would spend another £150m to makecomponents at Halewood on Merseyside, taking its total commitment to £380m. Stellantis, owner of Vauxhall, is spending £100m to convert its plant at Ellesmere Port in Cheshire so that it can churn out electric vans.

Jaguar Land Rover , a maker of posh motors owned since 2008 by Tata, an Indian conglomerate, is thought to be in talks with the government over sweeteners that might persuade it to build a gigafactory in Britain. But it could easily be induced to locate elsewhere. Toyota, which assembles vehicles in Derbyshire and makes engines in Wales, mainly makes hybrids, which require only small batteries. It has six other plants across Europe that might be better served by a new gigafactory.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Don’t forget about manufacture in the USA

As soon as a government has lauded you, you know you’ve made a huge mistake.

Leave the auto industry to Germany

Australian firm may offer buy out.

Thank Johnson/Farage and the Brexit gang

yeah i remember all those amazing British car companies that were around pre covid/brexit/battery power 🤦🤡🌍

Some national political decisions fade with time. The lunacy of Brexit doesn’t.

A Reliant Robin.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 6. in BE

Belgique Dernières Nouvelles, Belgique Actualités