Jerry wrote:Paphitis wrote:Jerry wrote:Londonrake wrote:Jerry wrote:And in the news today I read of Nissan considering moving production of the new Nissan Juke to Europe, it can't wait for two years to see what tariffs are agreed. Nissan is the UK's largest car maker producing about one third of UK car output. The factory is in Sunderland where over 60% voted to leave the EU. I always thought that many (but not all) Geordies were thick.
http://www.independent.co.uk/news/busin ... 48066.html
I confess to having no expertise in the subject but that sounds like quite an expensive undertaking.
Not if you already have production facilities in Europe and you want to build a new assembly line for a new model, in this case the new Nissan Juke. The new line would cost wherever it was built.
That means they were always going to move with the new model.
It was either build the new line in Britain or EU.
a lot of doomsayers around, but i only see positives.
Your first and second sentences in you last post are contradictions - make up your mind. If the UK was as successful at exporting as Germany I'd say we would have good prospects but UK has lost too much of its manufacturing base. Our importance to Europe was highlighted by the argument that half of our imports come from Europe but that 50% is only 14% of EU exports. The EU will find it much easier to replace its lost market than the UK will. We hear the argument that Germany, for instance, can't afford to lose its lucrative car exports to UK but most of those are sold here at inflated prices because they are perceived as premium models. BMW and Mercedes could afford to drop prices to maintain their market share.
We are debating with the EU at the moment about keeping reciprocal tariff free trade with the EU versus free movement of labour. Our new PM insists that we take control of our borders and restrict immigration but the EU says in that case you cannot have tariff free trade, quite frankly this whole Brexit business is a bloody mess and it's going to get worse.
What makes me really angry is the fact that the vote was swung by the racist views of a few hundred thousand xenophobes and clowns like Boris and Nigel feeding them blatant lies.
What first and second post. Please explain because the contradiction is lost on me.
Firstly, the UK is a strong exporter. They even make components for Airbus Aircraft and the Eurofighter and that's big business. OK, maybe not as big as Germany in manufacturing but Germany is on the way down and it is in Europe.
Secondly, no one needs to be as strong as Germany in exports to have a strong economy. The OECD is in transition. We all know it. Even Mercedes Benz will be purely built in Turkey and Brazil one day, not Germany so the exports will be from those countries.