car shows suck now apparently
car shows suck now apparently
https://www.youtube.com/watch?v=OvsUQLfTkmU&pp=0gcJCZEKAYcqIYzv
car shows suck now apparently
car shows suck now apparently
https://www.youtube.com/watch?v=OvsUQLfTkmU&pp=0gcJCZEKAYcqIYzv
Remember how we all warned that Brexit would shaft the UK car manufacturing industry and all the Brexiteers cried "Project Fear! Project Fear!"?
Well.
How Russiaâs auto industry ran out of road.
Russiaâs carmakers are facing mounting problems as falling sales and deteriorating finances put the industry under strain.
Despite government promises to revive car manufacturing, Russiaâs auto industry is floundering in the face of tough competition from China, weak domestic demand and poor export prospects.
#Russia #Automotive #CarManufacturing #Cars #Industry #Manufacturing #AvtoVAZ #Lada
China will exempt Nexperia chips from its semiconductor export ban.
Dutch semiconductor manufacturer Nexperia produces components in Europe before shipping them to China for finishing.
The company is a major supplier for Europe's automotive industry.
#Nexperia #Netherlands #Semiconductor #Automotive #Industry #Europe #Cars #CarManufacturing #Manufacturing #Tech
Nia Griffith: JLR rescue package âmustâ protect Llanelli jobs after cyberâattack
Production at JLRâs UK factories was suspended on 1 September after a major cyber incident disrupted its IT systems. The shutdown has left thousands of workers in the supply chain facing uncertainty, including staff at major component manufacturers Gestamp and Schaeffler, which both operate large facilities in Dafen, Llanelli.
Dame Nia said the Governmentâs intervention was welcome but stressed that the benefits must reach Carmarthenshire quickly.
âThe situation was perilous and there was concern for jobs at a number of companies. The loan will bolster JLRâs cash reserves enabling it to pay back companies in its supply chain.
I urge JLR to ensure it gives the maximum support to the firms in my constituency who have been involved in supplying them for some years. Speed is of the essence to ensure local companies benefit from the rescue deal announced by the Government and to help their loyal workforce.â
She added that while the ÂŁ1.5 billion loan guarantee would provide certainty, JLR must now act swiftly to roll out payments and restore its IT systems to allow deliveries and pickâups to resume.
Timeline: JLR cyber-attack and recovery
Government support package
The loan guarantee, announced by Business Secretary Peter Kyle, is designed to unlock up to ÂŁ1.5 billion in private finance for JLR. Backed by the Export Development Guarantee, the loan will be repaid over five years and is intended to give certainty to the companyâs extensive supply chain.
Mr Kyle described the cyberâattack as ânot only an assault on an iconic British brand, but on our worldâleading automotive sector and the men and women whose livelihoods depend on it.â
Chancellor Rachel Reeves said JLR was âa jewel in the crown of our economyâ, adding that the package would protect thousands of jobs and support the wider supply chain.
JLR recovery underway
JLR has issued a series of updates throughout September as it works to restore its systems and restart production. In its latest statement today (29 September), the company confirmed that some sections of its manufacturing operations will resume âin the coming daysâ as part of a phased restart.
The company said:
âAs the controlled, phased restart of our operations continues, we are taking further steps towards our recovery and the return to manufacture of our worldâclass vehicles. Today we are informing colleagues, retailers and suppliers that some sections of our manufacturing operations will resume in the coming days.â
JLR added that it was working âaround the clockâ with cybersecurity specialists, the UK Governmentâs National Cyber Security Centre and law enforcement to ensure the restart was carried out safely. It thanked staff, suppliers and customers for their patience, saying the âfoundational work of our recovery is firmly underwayâ but acknowledged there was âmuch more to doâ.
Local impact
The shutdown has highlighted the vulnerability of JLRâs vast supply chain, which employs around 100,000 people across the UK. For Llanelli, where Gestamp and Schaeffler are key employers, the disruption has been particularly concerning. Both firms supply components directly to JLR, meaning the pause in production has had an immediate knockâon effect for their operations and workforce.
Dame Nia Griffith said the Governmentâs loan guarantee must now translate into real support for those local businesses:
âI very much welcome this support put in by the UK Labour Government, but now we need JLR both to implement it in a timely fashion in order to safeguard jobs in our local plants, and to get the replacement IT systems up and running to enable the necessary deliveries and pickâups.â
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Crash or rescue: European carmakers look to the EU for salvation.
Europe's car industry is âin mortal dangerâ, EU industry chief StĂ©phane SĂ©journĂ© said a few months back.
Stuttering sales, high energy prices, growing global competition and an uncertain regulatory and trade environment have plunged the sector into a spiralling crisis.
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When the final Commodore SS-V rumbled off Holdenâs Elizabeth production line in South Australia on October 20, 2017,âŠ
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Electric models, long a loser for German carmakers, could still be their salvation.
Troubles in the key US and Chinese markets put German carmakersâ adaptability to the test.
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Germany shifts gears as auto slump meets defence boom.
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