08-01-2018, 10:54 AM
31
Re: Brexit and the Automotive Industry
Originally Posted by AnnieS
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They are not politically-motivated, but financially. You cannot judge them in the way you can judge individuals.
Originally Posted by AnnieS
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Everything is possible with business, but it doesn't mean staying in the UK and providing the UK with jobs and investment. Business is not human and emotional but has a heart of finance. That's why Dyson has long produced in the Far East rather than the UK.
https://www.ft.com/content/528c518c-...4-00144feab7de
https://www.theguardian.com/technolo...expansion-plan
Originally Posted by swimfeeders
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HiThe 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.
08-01-2018, 12:01 PM
32
Re: Brexit and the Automotive Industry
HiI am also of the opinion that we will get a Trade Deal, however it is not the one we want.
The vast majority of our exports to the EU are services, which will not be covered. by any such deal.
It will however cover manufactured goods, which the EU export far more to us than we do to them.
That way, the EU will make a profit out of us leaving.
08-01-2018, 01:15 PM
33
Re: Brexit and the Automotive Industry
Rainmaker I did look into Dyson quite recently and am aware of the R&D investment. But i cannot find a source confirming he is moving production back from Singapore. In fact the link confirms that he has also invested in an R&D facility in Singapore. Let's hope that if he does produce electric cars and robots he does so in the UK.08-01-2018, 10:55 PM
35
Re: Brexit and the Automotive Industry
Originally Posted by Rainmaker
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Isn't the point though, that the Dyson is creating more jobs in this country. Some of them may be going abroad but the majority benefit the UK. Dyson are an international company now and as such they will have factories other countries.
They are still a privately owned company, so although they export globally they don't have faceless shareholders to answer to. They don't have that push to provide shareholder wealth that publicly owned enterprises do.
There was a big outcry when they moved production abroad.
The interesting thing about Dyson is that he was in favour of the Euro. Something I strongly disagreed with for the UK.
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