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(Reuters)   UK car industry: failure to clinch Brexit deal could cost £55.4 billion by 2025. Honda's out, Nissan is ailing, JLR has a plant in Slovakia, PSA & Toyota could cut & run, and Brits would be stuck buying Minis and used RHD cars from Japan   (reuters.com) divider line
    More: Obvious, International trade, Britain's car industry body, European Union, British car industry group, World Trade Organization, electric cars, Society of Motor Manufacturers, Brexit negotiators  
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381 clicks; posted to Business » on 25 Nov 2020 at 5:16 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



32 Comments     (+0 »)
 
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2020-11-25 4:44:22 PM  
Wouldn't it be ironic if a consequence of Brexit were that the British had to start driving LHD imported cars, and within a couple of years, the government decided they might as well switch to driving on the right?
 
2020-11-25 4:57:50 PM  
Gross Domestic Product of the UK will decline by as much as eight percent. The Bank of England has also predicted that the unemployment rate could peak at 7.5 percent, and that house prices could decline by as much as 30 percent and that is just next year. The UK is going to have a couple of lost decades of no growth. Plausible estimates put the costs of Brexit to the United Kingdom at between 1 and 10 percent of income per capita for a decade.
 
2020-11-25 5:13:07 PM  
Yes, but curvy bananas!
 
2020-11-25 5:20:40 PM  

eurotrader: Gross Domestic Product of the UK will decline by as much as eight percent. The Bank of England has also predicted that the unemployment rate could peak at 7.5 percent, and that house prices could decline by as much as 30 percent and that is just next year. The UK is going to have a couple of lost decades of no growth. Plausible estimates put the costs of Brexit to the United Kingdom at between 1 and 10 percent of income per capita for a decade.


You'll be able to buy a summer vacation house for cheap...if you ideal summer vacation is going somewhere damp, cold and gloomy.  As an added feature, you won't have to spend any money on sun screen.
 
2020-11-25 5:21:03 PM  
Yeah, but the yobs got their blue passports back, so...
 
2020-11-25 5:24:16 PM  
What you all fail to understand is that car companies are going to make more cars in the UK.

Someone will be along to explain it shortly
 
2020-11-25 5:26:08 PM  
Fark user imageView Full Size
 
2020-11-25 5:31:20 PM  

HugeMistake: Wouldn't it be ironic if a consequence of Brexit were that the British had to start driving LHD imported cars, and within a couple of years, the government decided they might as well switch to driving on the right?


The Japanese drive on the left. It's the only thing saving Australia since our entire car manufacturing industry ceased a few years ago, we drive on the left too.
 
2020-11-25 5:36:43 PM  

Aussie_As: HugeMistake: Wouldn't it be ironic if a consequence of Brexit were that the British had to start driving LHD imported cars, and within a couple of years, the government decided they might as well switch to driving on the right?

The Japanese drive on the left. It's the only thing saving Australia since our entire car manufacturing industry ceased a few years ago, we drive on the left too.


upload.wikimedia.orgView Full Size

Per Wikipedia, the blue colored countries are LHD
 
2020-11-25 5:42:42 PM  
There's always Högertrafikomläggningen.   Maybe the Bikini Team can help.
 
2020-11-25 5:47:16 PM  

centrifugal bumblepuppy: Aussie_As: HugeMistake: Wouldn't it be ironic if a consequence of Brexit were that the British had to start driving LHD imported cars, and within a couple of years, the government decided they might as well switch to driving on the right?

The Japanese drive on the left. It's the only thing saving Australia since our entire car manufacturing industry ceased a few years ago, we drive on the left too.

[upload.wikimedia.org image 800x406]
Per Wikipedia, the blue colored countries are LHD


Most if not all of the Western Hemisphere blue drive on the left with LHD cars. Of course none of those places have much in the way of expressways.  I've heard it defended in the US Virgin Islands as being good for narrow roads with steep cliffs.
 
2020-11-25 6:06:42 PM  

eurotrader: Gross Domestic Product of the UK will decline by as much as eight percent. The Bank of England has also predicted that the unemployment rate could peak at 7.5 percent, and that house prices could decline by as much as 30 percent and that is just next year. The UK is going to have a couple of lost decades of no growth. Plausible estimates put the costs of Brexit to the United Kingdom at between 1 and 10 percent of income per capita for a decade.


Projected to be the worst economy since 1700.  Since before the US and most of your other competitors even existed.  Congratulations Britain, you've shown that your decisions since 2016 are definitely worse than ours.
 
2020-11-25 6:12:23 PM  
I bet this really kinks their bananas....

IgG4: Yes, but curvy bananas!


*shakes tiny fist*
 
2020-11-25 6:14:19 PM  
I'm sure the domestic market will recover.
Fark user imageView Full Size
 
2020-11-25 6:50:31 PM  

centrifugal bumblepuppy: Aussie_As: HugeMistake: Wouldn't it be ironic if a consequence of Brexit were that the British had to start driving LHD imported cars, and within a couple of years, the government decided they might as well switch to driving on the right?

The Japanese drive on the left. It's the only thing saving Australia since our entire car manufacturing industry ceased a few years ago, we drive on the left too.

[upload.wikimedia.org image 800x406]
Per Wikipedia, the blue colored countries are LHD


It is the "island rule".  If you drive on an island, you drive on the wrong side of the road. Yes South Africa is an island and a side to drive on is optional for the rest of Africa. Same is true around India.

Decades ago Japan had a traffic engineering department that made sure all new road projects could switch to RHD later.  It had been set up as a economic development plan should there be a reason for it in the future and with their high taxes for cars older than two years old, they could swap sides with less problems than other heavily developed countries. New Zealand (which imports lots of those 2 and 3 year old used cars from Japan) will likely switch 5 years after Japan does.
 
2020-11-25 7:16:01 PM  

FlashHarry: [Fark user image 678x960]


Needs a square steering wheel.

/And if you understand that reference, you're as old as I am
 
2020-11-25 9:38:36 PM  

Fissile: eurotrader: Gross Domestic Product of the UK will decline by as much as eight percent. The Bank of England has also predicted that the unemployment rate could peak at 7.5 percent, and that house prices could decline by as much as 30 percent and that is just next year. The UK is going to have a couple of lost decades of no growth. Plausible estimates put the costs of Brexit to the United Kingdom at between 1 and 10 percent of income per capita for a decade.

You'll be able to buy a summer vacation house for cheap...if you ideal summer vacation is going somewhere damp, cold and gloomy.  As an added feature, you won't have to spend any money on sun screen.


TheToadwoman is english and, although the family over there is going to take a hit off of this brexit, we have cash waiting for the inevitable crash and will scoop up some property in the south preferably Dorset
 
2020-11-25 9:54:49 PM  

centrifugal bumblepuppy: Aussie_As: HugeMistake: Wouldn't it be ironic if a consequence of Brexit were that the British had to start driving LHD imported cars, and within a couple of years, the government decided they might as well switch to driving on the right?

The Japanese drive on the left. It's the only thing saving Australia since our entire car manufacturing industry ceased a few years ago, we drive on the left too.

[upload.wikimedia.org image 800x406]
Per Wikipedia, the blue colored countries are LHD


That's not quote accurate. In India they drive on all sides of the road.

Fark user imageView Full Size
 
2020-11-25 10:25:39 PM  

Gubbo: What you all fail to understand is that car companies are going to make more cars in the UK.

Someone will be along to explain it shortly


No. No they won't. I think those days are gone. Biden is not shrinking from just telling people the way the world works. All of the BoJo lala talk and the Trump MAGA stuff is starting to ring hollow. If the proof is in the pudding, well, there is a smell coming from the kitchen and it is not appetizing.

I am going to go out on a limb and say that India is going to be eating England's lunch in the manufacturing world of tomorrow. The foreign auto producers will leave the UK and they just will not have a reason to come back. The upside to producing in the UK is disappearing, and the downside just looks worse and worse.

But on the bright side, there is never a better time to just give up and import used cars from other countries. There is no particular reason that a country has to produce cars.
 
2020-11-25 10:30:58 PM  
Wait. There is one possibility. A crashing pound might make the UK cost effective for production. And that seems like a good probability whether the UK stays or leaves. Or if it leaves and then tries to join the EU again.

It might be that the auto producers still in the UK are playing a game of chicken. They will not all be staying, but nobody wants to be the first to leave. Being the last man standing in the UK would have some value.

Maybe those are reasons why I have been reading articles like this for about a year now. And yet the Japanese manufacturers are still there.
 
2020-11-25 11:41:45 PM  

Aussie_As: HugeMistake: Wouldn't it be ironic if a consequence of Brexit were that the British had to start driving LHD imported cars, and within a couple of years, the government decided they might as well switch to driving on the right?

The Japanese drive on the left. It's the only thing saving Australia since our entire car manufacturing industry ceased a few years ago, we drive on the left too.


Wow, I didn't realize that about your auto industry. It seems like just a couple years ago that I learned about how the Ford Ranger in the US originated there.
 
2020-11-26 12:18:11 AM  

2fardownthread: Wait. There is one possibility. A crashing pound might make the UK cost effective for production. And that seems like a good probability whether the UK stays or leaves. Or if it leaves and then tries to join the EU again.

It might be that the auto producers still in the UK are playing a game of chicken. They will not all be staying, but nobody wants to be the first to leave. Being the last man standing in the UK would have some value.

Maybe those are reasons why I have been reading articles like this for about a year now. And yet the Japanese manufacturers are still there.


Well Honda have already said their are closing a plant in Swindon in 2021, and Nissan have only committed to the UK if there is some sort of trade deal that will enable them to remain viable there. So I don't really think there's a game of chicken going on. They're laying down their cards, quite openly.
 
2020-11-26 12:56:13 AM  
The Chinese will be more than happy to fill in the gap.
 
2020-11-26 4:48:04 AM  
The Guardian newspaper ran a story about the perfect storm of the virus, Brexit, flooding, a bad flu season, shortages of everything, including the ability to keep drinking water clean and livestock disease free.

But I'm sure someone will be along shortly to say it ain't so.
 
2020-11-26 5:13:27 AM  

Cormee: Well Honda have already said their are closing a plant in Swindon in 2021, and Nissan have only committed to the UK if there is some sort of trade deal that will enable them to remain viable there. So I don't really think there's a game of chicken going on. They're laying down their cards, quite openly.


Except Honda have openly said the Swindon closure was not because of Brexit.

Honda has confirmed it will close its Swindon car plant in 2021, with the loss of about 3,500 jobs.
The Japanese company builds 160,000 Honda Civics a year in Swindon, its only car factory in the EU.
Honda said the move was due to global changes in the car industry and the need to launch electric vehicles, and it had nothing to do with Brexit.

"This is not a Brexit-related issue for us, it's being made on the global-related changes I've spoken about
.

They announced the closure of their factory in Turkey at the same time. Why would they lie?

And your wording regarding Nissan is somewhat misleading. They have committed to move production from Spain to the UK. Their Spanish factory is closing. They are saying they want a trade deal, obviously it would be nice, and have said the long term future of the UK factory "could" be in doubt without one.

If you can find a quote from Nissan saying "We will only move production to the UK if there is a trade deal" then please post it. The simple fact is their Spanish factory is closing. That's a done deal. They "might" change their mind in the future, depending on trade deals, but with the state Nissan is in they might not be in business in a couple of years anyway.

But with Tata building the new EV XJ here, building a new motor plant, a huge new parts "global centre", Toyota building a new EV in Sunderland, BMW building the Mini EV in the UK, Rolls and Bentley expanding, Aston Martin building a new factory in Wales, Peugeot moving Peugeot and Citroen van production to the UK and even UK EV startup Arrival, with backing from Kia and Hyundai and the UK industry looks fine.

eurotrader: Gross Domestic Product of the UK will decline by as much as eight percent. The Bank of England has also predicted that the unemployment rate could peak at 7.5 percent, and that house prices could decline by as much as 30 percent and that is just next year. The UK is going to have a couple of lost decades of no growth. Plausible estimates put the costs of Brexit to the United Kingdom at between 1 and 10 percent of income per capita for a decade.


The EU are forecasting that, even with Covid and no trade deal the UK will grow 3.3% next year, compared to 4.1% for the EU. Agreeing a trade deal, still a possibility, would mean growth above that 3.3%.
So slightly slower growth than the EU, but hardly the catastrophe promised by Project Fear. Didn't you claim the UK would be a "smouldering mass" with no trade deal? 3.3% growth is "a smouldering mass"?

You also claimed banks have "moved headquarters out of the UK" but failed to provide any cite for that. Care to name the banks that have actually moved out of the UK? Not moved a few hundred staff out of tens of thousands, or opened a small satellite office in the EU, but actually "moved out"?

In fact the EU itself is now having to threaten/beg banks to move operations to the EU. Sounds like the banks prefer to stay here...

As for speculation that without UK manufacturers there won't be any RHD cars? You do know that companies like BMW, Mercedes, Fiat, Renault, even Ferrari, happily build RHD cars, right? In fact with the growth of EVs building LHD and RHD versions is even easier to engineer. You don't have to worry about an engine getting in the way of the steering.
 
2020-11-26 5:15:46 AM  

Mad_Radhu: centrifugal bumblepuppy: Aussie_As: HugeMistake: Wouldn't it be ironic if a consequence of Brexit were that the British had to start driving LHD imported cars, and within a couple of years, the government decided they might as well switch to driving on the right?

The Japanese drive on the left. It's the only thing saving Australia since our entire car manufacturing industry ceased a few years ago, we drive on the left too.

[upload.wikimedia.org image 800x406]
Per Wikipedia, the blue colored countries are LHD

That's not quote accurate. In India they drive on all sides of the road.

[Fark user image 425x172]


Was going to make that very comment. I was there a few years ago. They're insane.

But no road rage. They know every other driver is going to act like a crazy asshole so they don't get upset by it. That's just the norm.
 
2020-11-26 5:30:03 AM  

Carter Pewterschmidt: Cormee: Well Honda have already said their are closing a plant in Swindon in 2021, and Nissan have only committed to the UK if there is some sort of trade deal that will enable them to remain viable there. So I don't really think there's a game of chicken going on. They're laying down their cards, quite openly.

Except Honda have openly said the Swindon closure was not because of Brexit.

Honda has confirmed it will close its Swindon car plant in 2021, with the loss of about 3,500 jobs.
The Japanese company builds 160,000 Honda Civics a year in Swindon, its only car factory in the EU.
Honda said the move was due to global changes in the car industry and the need to launch electric vehicles, and it had nothing to do with Brexit.

"This is not a Brexit-related issue for us, it's being made on the global-related changes I've spoken about.

They announced the closure of their factory in Turkey at the same time. Why would they lie?

And your wording regarding Nissan is somewhat misleading. They have committed to move production from Spain to the UK. Their Spanish factory is closing. They are saying they want a trade deal, obviously it would be nice, and have said the long term future of the UK factory "could" be in doubt without one.

If you can find a quote from Nissan saying "We will only move production to the UK if there is a trade deal" then please post it. The simple fact is their Spanish factory is closing. That's a done deal. They "might" change their mind in the future, depending on trade deals, but with the state Nissan is in they might not be in business in a couple of years anyway.

But with Tata building the new EV XJ here, building a new motor plant, a huge new parts "global centre", Toyota building a new EV in Sunderland, BMW building the Mini EV in the UK, Rolls and Bentley expanding, Aston Martin building a new factory in Wales, Peugeot moving Peugeot and Citroen van production to the UK and even UK EV startup Arrival, with backing from Kia and Hyundai and the UK industry looks fine.

eurotrader: Gross Domestic Product of the UK will decline by as much as eight percent. The Bank of England has also predicted that the unemployment rate could peak at 7.5 percent, and that house prices could decline by as much as 30 percent and that is just next year. The UK is going to have a couple of lost decades of no growth. Plausible estimates put the costs of Brexit to the United Kingdom at between 1 and 10 percent of income per capita for a decade.

The EU are forecasting that, even with Covid and no trade deal the UK will grow 3.3% next year, compared to 4.1% for the EU. Agreeing a trade deal, still a possibility, would mean growth above that 3.3%.
So slightly slower growth than the EU, but hardly the catastrophe promised by Project Fear. Didn't you claim the UK would be a "smouldering mass" with no trade deal? 3.3% growth is "a smouldering mass"?

You also claimed banks have "moved headquarters out of the UK" but failed to provide any cite for that. Care to name the banks that have actually moved out of the UK? Not moved a few hundred staff out of tens of thousands, or opened a small satellite office in the EU, but actually "moved out"?

In fact the EU itself is now having to threaten/beg banks to move operations to the EU. Sounds like the banks prefer to stay here...

As for speculation that without UK manufacturers there won't be any RHD cars? You do know that companies like BMW, Mercedes, Fiat, Renault, even Ferrari, happily build RHD cars, right? In fact with the growth of EVs building LHD and RHD versions is even easier to engineer. You don't have to worry about an engine getting in the way of the steering.


Of course they said it wasn't because of brexit, why the hell would they go out of the way to piss off 17,410,000 gammons unnecessarily?

Dear God, try use your brain instead of mindlessly posting press releases.
 
2020-11-26 5:37:40 AM  
Carter Pewterschmidt:

And your wording regarding Nissan is somewhat misleading. They have committed to move production from Spain to the UK. Their Spanish factory is closing. They are saying they want a trade deal, obviously it would be nice, and have said the long term future of the UK factory "could" be in doubt without one.

If you can find a quote from Nissan saying "We will only move production to the UK if there is a trade deal" then please post it. The simple fact is their Spanish factory is closing. That's a done deal. They "might" change their mind in the future, depending on trade deals, but with the state Nissan is in they might not be in business in a couple of years anyway.


Nope your interpretation of what I said was misleading - I never mentioned Spain, you're the one who brought that strawman into the conversation - anyway if you aren't already aware:

"With a Brexit deadline just days away, Britain's biggest car plant "will not be sustainable" if there is no deal, Nissan has warned.
The company employs 7,000 workers at its Sunderland factory but said that increased tariffs would raise costs.
It cautioned that any delay in overseas supplies of parts because of new customs checks could slow production.
The EU has warned the UK it has less than 10 days left to secure a deal that will govern trade from next year.
Nissan said there must be agreement on a free-trade deal by next week if it is to be ratified in time for the end of the Brexit transition period.
"If it happens without any sustainable business case obviously it is not a question of Sunderland or not Sunderland, obviously our UK business will not be sustainable, that's it," Nissan's chief operating officer Ashwani Gupta told Reuters."

https://www.bbc.com/news/business-549​8​6195
 
2020-11-26 8:12:11 AM  

FlashHarry: [Fark user image image 678x960]


So the British have the same definition of "free" as American conservatives, eh?
 
2020-11-26 8:17:48 AM  

2fardownthread: Gubbo: What you all fail to understand is that car companies are going to make more cars in the UK.

Someone will be along to explain it shortly

No. No they won't. I think those days are gone.


So much for that prediction.

\never underestimate the stupidity of fanatics
 
2020-11-26 12:35:17 PM  

centrifugal bumblepuppy: Aussie_As: HugeMistake: Wouldn't it be ironic if a consequence of Brexit were that the British had to start driving LHD imported cars, and within a couple of years, the government decided they might as well switch to driving on the right?

The Japanese drive on the left. It's the only thing saving Australia since our entire car manufacturing industry ceased a few years ago, we drive on the left too.

[upload.wikimedia.org image 800x406]
Per Wikipedia, the blue colored countries are LHD


No, right hand drive.
 
2020-11-26 5:27:00 PM  
Jokes on you subby. Evreyone's getting a Rolls-Royce!

/cricketmate labourtards
 
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