Leekbrookgull
Well-known member
With Vauxhall not having returned a profit since 1999 and over capacity within Europe in car production the UK arm of this business must face an uncertain future ?
With Vauxhall not having returned a profit since 1999 and over capacity within Europe in car production the UK arm of this business must face an uncertain future ?
Brexit
Try making some cars that people want to buy?
Will take government subsidies to save it. Still we have the 350m a week slush fund, don't we?
With a huge proportion of the components being imported from what will be a separate trading block and a huge proportion of the finished products being exported back to that block, the future of the UK plants depends heavily on what sort of Brexit deal is struck and how much of the taxpayers' money the government is prepared to shovel into Peugeot Citroen.
The good news for the government is that the stuff won't really hit the fan until the early '20s, by which time the Brexit enthusiasts hope to have have fast-tracked the country out of the EU.
Brexit will be terrific for British workers though. If you listen to the propaganda.
This. And with the various finance deal, those who used to be Mondeo/Vectra man are now Audi/BMW man.
I see Vauxhall a a bit like Tesco a couple of years ago. Neither budget nor premium.
With Vauxhall not having returned a profit since 1999 and over capacity within Europe in car production the UK arm of this business must face an uncertain future ?
British car manufacturing was on its knees a couple of decades ago, today a flexible and productive workforce has turned the industry into a huge success story employing close to a million jobs.
If there are tariffs it will be a disaster for us and Europe knows it. Think we'll need to get out the chequebook
There is a rumour doing the rounds that the offer the government made to Nissan was to reimburse any customs duty that the EC will impose on their cars being built in Sunderland and exported to continental Europe. If that turns out to be true ( and I can't see how else Nissan would have wanted to stay if duty would be applied) then I assume that is what the unions are getting at being offered to Peugeot. Trouble is every industry will ask for the same and how the hell we could afford that would be very interesting!