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07-01-2018, 03:30 PM
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Re: Brexit and the Automotive Industry

Originally Posted by Julie1962 ->
And then in the real world they are in it to make a profit nothing more. All they need is to be able to do that.
Yes and they also want to grow. But in the process of that they provide much-needed jobs, goods and services to us all.
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07-01-2018, 03:35 PM
22

Re: Brexit and the Automotive Industry

Not all in the Automotive industry are so negative about our future.

http://www.telegraph.co.uk/business/...d-plant-fifth/
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07-01-2018, 03:50 PM
23

Re: Brexit and the Automotive Industry

Originally Posted by Nom ->
Not all in the Automotive industry are so negative about our future.

http://www.telegraph.co.uk/business/...d-plant-fifth/
Nissan have done some sort of deal with the Government, the details of which have not been disclosed. I'm sure we can afford to do deals with all the car manufacturers... we will just borrow more to prop them up. However, it's also possible the EU will offer them a better deal.


The article doesn't give the timescale of this investment, but it appears they want to produce now in order to mitigate the negative effects of brexit once we do actually leave.
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07-01-2018, 04:04 PM
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Re: Brexit and the Automotive Industry

Nobody ever thought General Motors and Ford would leave the UK, but they did when it suited their business plans.
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07-01-2018, 04:16 PM
25

Re: Brexit and the Automotive Industry

The other threat is that companies who do not make a profit get taken over. The takeovers are often by larger organisations who are totally accountable to shareholders and not locals. They then decide to move manufacturing abroad.

The other factor to take into account is whether there will be the same market for new vehicles. The main reason they base here is to satisfy regional demand as stated in the select committee. You want to be close to our customers and that's only justified by a thriving marketplace.

People buy new cars when they have money and they have money when the economy is growing and when taxes aren't too high & finance is readily available. There are so many aspects to this subject.
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07-01-2018, 04:16 PM
26

Re: Brexit and the Automotive Industry

Hi

The deal with Nissan.

Nobody knows what it is, other than ir was done to make sure a new model was produced in Sunderland.

Nissan is thought of as Japanese, it is not.

Renault own a 43.5% controlling voting stake in Nissan, Nissan owns a 15% non voting stake in Renault.

The biggest shareholder in Renault is the French Government.

In April 2015, the French government upped their stake in Renault to 19.73 percent with the aim of blocking a resolution at the next annual general meeting that could reduce its control over the company.

So, the deal with Renault is basically bribing the French.

We privatised everything, other countries did not.
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07-01-2018, 06:06 PM
27

Re: Brexit and the Automotive Industry

Originally Posted by swimfeeders ->
Hi

The deal with Nissan.

Nobody knows what it is, other than ir was done to make sure a new model was produced in Sunderland.

Nissan is thought of as Japanese, it is not.

Renault own a 43.5% controlling voting stake in Nissan, Nissan owns a 15% non voting stake in Renault.

The biggest shareholder in Renault is the French Government.

In April 2015, the French government upped their stake in Renault to 19.73 percent with the aim of blocking a resolution at the next annual general meeting that could reduce its control over the company.

So, the deal with Renault is basically bribing the French.

We privatised everything, other countries did not.
Missing my point Swimmy,it Was Nissan that invested in the Plant,as well as investing in the workforce, more than any British company has done and they get great production and quality for the end product.

So it can and does provide jobs investment from outside of Europe, im glad that many thrown on the scrap heap found work there,highly qualified tradesmen from shipbuilding, steel coal and manufacturing industries. If Thatcher had done this instead of wasting men by her destruction of so many industries, Britain could well be in a much better place than it is today..

Germany got the balance right she did not, we need more like this.
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07-01-2018, 06:07 PM
28

Re: Brexit and the Automotive Industry

Thatcher was a grocer's daughter had no idea about engineering.
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07-01-2018, 06:31 PM
29

Re: Brexit and the Automotive Industry

Originally Posted by Purwell ->
Thatcher was a grocer's daughter had no idea about engineering.
Aye your right, and the Vicars daughter is making a similar hash of things right now.
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07-01-2018, 06:35 PM
30

Re: Brexit and the Automotive Industry

We have lost most of our skilled engineers, very few have been trained for probably 40 years now and those of us left are about to retire.
 
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