Seagull58
In the Algarve
If they've been shorting the FTSE 100 and 250 they'll be in a world of pain now!
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[Politics] Brexit
- Thread starter KingstonSeagull
- Start date
If they've been shorting the FTSE 100 and 250 they'll be in a world of pain now!
Seagull58
In the Algarve
No, I was pointing out that we still make them and very well too. You misinterpreted the meaning.
Postman Pat
Well-known member
Didn't realise retaliation for bringing NSC 'home' would be this harsh.
smiler
Active member
What British car industry?
Icy Gull
Back on the rollercoaster
- Jul 5, 2003
- 72,015
Exactly..
Almost 900,000 cars rolled off production lines at UK car factories in the first six months of 2016 (40% of the parts were also manufactured in Britain), 13% more than the same period in 2015.
Butch Willykins
Well-known member
Do you not believe over 1 million cars are assembled annually in the U.K.?
Likewise do you also deny that hundreds of thousands of vehicles sold overseas each year are done so on the basis of them being of British heritage / British made?
Clueless. I bet you both drive Renaults.
Icy Gull
Back on the rollercoaster
- Jul 5, 2003
- 72,015
How many were for BRITISH car companies rather than factories making foreign cars?
Icy Gull
Back on the rollercoaster
- Jul 5, 2003
- 72,015
Assembled being the operative word. British workers not British cars though and yes I do drive a foreign marque, bet you do too?
Remind me who is clueless..
Just to add a little more figures regarding the British care industry!!!!
UK car manufacturing reaches 10-year high, growing 3.9% to 1,587,677 vehicles.
More cars exported than ever before, up 2.7% on previous year at 1,227,881.
Domestic production surges 8.1% to 359,796 to meet increasing demand for British-built cars.
EU demand grows 11.3%, with 57.5% of exports destined for the continent.
US overtakes China as UK’s largest export destination, with demand up by a quarter.
IN 2015, 77.3% OF CARS BUILT IN THE UK WERE EXPORTED
So can those who say "what car industry" take note!
Icy Gull
Back on the rollercoaster
- Jul 5, 2003
- 72,015
Aren't you ignoring who actually owns and takes the profits from these cars assembled in the UK
So we are employed by foreigners to build their cars it is not the British car industry of yore
As someone in the motor industry, I say balderdash sir! No fxxkin chance of that at all. Maybe 40% by value, maybe 40% by so called British companies, but 40% by volume, never.
smiler
Active member
Voting for brexit in Sunderland was like turkeys voting for christmas. Very short sighted
Mo Gosfield
Well-known member
- Aug 11, 2010
- 6,295
...I think you might end up putting the brakes on pretty sharply once the cracks start to widen across the pond.
Butch Willykins
Well-known member
Errr, I drive a British car.
Icy Gull
Back on the rollercoaster
- Jul 5, 2003
- 72,015
Oh do tell I wasn't aware that there were any apart from specialist cars like Morgan, McClaren and Caterham. Are there any mainstream British owned car makers left?
Mo Gosfield
Well-known member
- Aug 11, 2010
- 6,295
Butch Willykins
Well-known member
Well, the Chief Exec of JLR seems to think they are a British product. He went on record this week saying as much. Surely he would know.
Icy Gull
Back on the rollercoaster
- Jul 5, 2003
- 72,015
I think you'll find they are owned by TATA an Indian company but carry on
From an article on the BBC 3 years ago and I quote: -
"In any case, Britain still owns far more direct investment assets overseas than vice versa. The ONS estimates that Britain currently has £1.1 trillion direct investment assets overseas, £300bn more than the rest of the world owns in the UK. Britain also typically enjoys a surplus in investment income. Since 2000, inflows of investment income have averaged 13.5% of GDP compared to outflows which have averaged 12.4% of GDP. This means each year Britain has received a net flow of investment income equal to 1.1% of GDP from the rest of the world. It just goes to show that Britain has a long history of successfully buying other countries' family silver."