Germany on Wednesday hailed Tesla's decision to build its first European factory in the country, days after the government said it would boost subsidies for buyers of electrics cars. German Economy Minister Peter Altmaier called the announcement a "glorious success" for the country's attractiveness as an auto industry location, especially in the race to develop and produce electric cars and batteries.
Britain should delay Brexit beyond Oct. 31 rather than leave the European Union without a deal, which would be particularly harmful to large carmakers, the head of the sector's industry body told Reuters on Friday. As Britain spins towards an election, Brexit remains up in the air more than three years after Britons voted to leave the world's biggest trading bloc in a 2016 referendum leading to the country's biggest political crisis in decades. The autos sector, the country's biggest exporter
Consequences would be 'seismic,' yet both men in line say they would.
On a Brexit break whether Brexiting or not.
Aston Martin and Vauxhall are vastly different companies, but facing similar challenges.
Brexit is said not to be a factor; plant builds Civic Hatchback, Type R
A big blow in a market where Ford is already struggling.
CEO says investor interest has been 'unprecedented' so far.
'Our industry is deeply integrated across both sides of the Channel.'
Britons would have to get an international license to drive in Europe
He thinks JLR might close its factories there altogether.
Britain's biggest carmaker Jaguar Land Rover will cut around 1,000 jobs and production at two of its English factories due to a fall in sales caused by uncertainty around Brexit and confusion over diesel policy, a source told Reuters.
The car industry in England is concerned about the effect any loss of unfettered access to the EU, its largest export market, could have on plants after Brexit.
Buy now, or hope that the pound rebounds soon.
Musk also says Tesla is planning to build gigafactories in Europe at the earliest convenience.
Could Ssangyong succeed in the US? While its lineup has just the sort of vehicles Americans crave, they're almost all diesel-powered with standard manual transmissions – at least the journalists will be happy.