Jaguar Land Rover is again planning a temporary shutdown of its main UK production plants for a week after Britain’s planned departure from the European Union on 31 October.
The Financial Times quotes the JLR CEO, Sir Ralf Speth, who admitted Britain’s largest car maker will shut its Halewood, Castle Bromwich, Solihull and Wolverhampton sites for up to eight days after the date.
JLR is unable to reopen its sites at short notice if there's another delay to Brexit, as component ordering from suppliers requires a long lead time. JLR was forced to close its sites in April, when Brexit was originally scheduled to happen. Mini, Vauxhall, and Honda, among others, also closed during April.
The FT claims the company imports around 20 million parts into the UK per day, meaning stockpiling isn’t realistic. “We cannot switch off and on again” said Speth.
He was speaking at the unveiling of JLR's £500 million Advanced Product Creation Centre in Gaydon, Warwickshire. The new facility will bring together more than 13,000 staff currently spread across more than a dozen sites, streamlining development costs and timeframes for new models.
Twenty-three of the UK and Europe’s automotive industry bodies joined forces last week to stress the “catastrophic” impact of the UK leaving the EU without a formal deal would have on the industry’s operating model, due to increased border checks and wide-reaching tariffs.
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JLR Sales
Yes JLR sales were down 6.7% in August including plunging sales for UK - 21.6%, USA - 9%, and rest of world - 24.7% whilst China was up by 17.4% albeit from a low base and the need to shift vehicles ahead of their new emissions standards
But no JLR are shutting their plants due to Brexit not poor sales and high inventories - yeah right
JLR sales take 2
Down 6.7% in Agust, so one month and the sky is falling in, and this is despite new models being changed over.
JLR sales in Europe Jan-Jul 2019 were pretty much equal to Jan-Jul 2018, please explain!
Want to see some bad figures, check out Ford and Honda sales in the potentially highly profitable European market! Or Alfa as a whole
xxxx wrote:
JLR sales year to date are 8% down and plunging further - so yes the sky is falling in - just wait till early October when they release July to September financials
Give over
Oh please, not another opportunity to play 'blame Brexit'? JLR sales are tanking; 90% of people here (not including me - I haven't got one of them) say that the build quality is disastrous. Cut production for a week to reduce stocks but tell potential buyers that it's because of Brexit. Give it a rest JLR.
Bribes to Boris? So all those Remainers that try to brow beat us into remaining haven't funded any of 'their' Politicians?
I really, really, (really) hope that Boris pulls this off if only to p*ss off Symanski and Autocar journalists :)
Infantile.
What an immature comment to make. How are you going to explain yourself to those you make poorer? To those you put out of a job?
How are you going to explain
How are you going to explain yourself to those you make poorer? To those you put out of a job?
[/quote]
What about the jobs this creates? What about the savings made by not being the second highest nett contributor to the EU? What about the effect on living conditions in this Country by not having net immigration of 225000 people? What about their effect on the NHS, DHSS and affordable housing?
It's all about fear. The 2008 Recession was said to be the end of the world but we all got through it. Don't leave the EU - the engine will fall out of your car and your hair will fall out. British industry will collapse and we'll be paying fifty grand for a VW Polo. I've actually heard someone say they voted to remain because they wouldn't be allowed to go on holiday to France if they'd voted to get out of the EU.
I could go on but what's the point? The remainers are so far in bed with EU they won't listen to reason.
Facts.
Fact is that the UK is now losnig about £40bn in revenue per year because of Brexit. £1tr of investments have moved out the UK, because the likes of JRM telling his clients to move out of the UK.
As for unemployment, it was falling at a faster rate before the referendum than it is now. Brexit has slowed that to a crawl.
Symanski wrote:
Actually nows a pretty good time to be looking for a job, unemployment at near record lows and earning growth hasn't been better for some time. Explain that to the people who've found employment in the last 3 years and can now find a way onto onto the property ladder owing to falling house prices.
Unreal.
Unemployment was falling at a faster rate before the referendum and has slowed to a crawl.
House prices have more to do with the change in the stamp duties than Brexit. The areas worst affected by Brexit will of course be the ones that will drop the most, but that's because many will find themselves out of a job with factories like Honda closing (Internal management state it's Brexit). Nissan in Sunderland will be soon too with Brexit (Renault will make their cars for them).
Time to start realising that you can't have Brexit and keep all the businesses that are here because we're in the EU! And there was nothing stopping businesses from exporting to the USA etc anyway.
Clueless
Goes can either go up or down, do you really think that after 3 years they'd continue on same path no matter what.
House prices, stamp duty?? Idiot. It's do to population not out pacing house capacity
You mean like FORD stayed here after we joined the EU? Honda are only leaving due to cars for cheese deal (France and Germany benefitted the most, we lost the most)
Typo
You made 3 points
Stats can go either go up or down, do you really think that after 3 years they'd continue on same path no matter what.
House prices, stamp duty?? Idiot. It's due to population not out pacing housing capacity anymore.
You mean like FORD stayed here after we joined the EU? Honda are only leaving due to cars for cheese deal (France and Germany benefitted the most, we lost the most)
Brexit stupidity.
When will those wanting Brexit realise the stupidity of it? All you're doing is harming Britain.
The only ones gaining are those betting against Britain. Bankers and financiers. Bamford of JCB. All of them giving money to Boris. Now Boris has taken those bribes he can't act objectively for Britain and stop Brexit!
Yes, the bank I work for has
Yes, the bank I work for has a full team ready and waiting to short the FTSE indices in the days leading up to Brexit and I have no doubt will make a fortune from the process.
I am no fan of JLR and have already taken advantage of that belief as have many others on my floor
How is JCB, a private company
How is JCB, a private company that by choice builds most of its products in the UK and employs thousands of people here, 'betting against Britain'?
Really?
All of UK industry has had the same amount of time to prepare for this. Have they all been (secretly) hoping for remain? 3+ years is long enough to re-jig the supply chain surely?
W*nkers the lot of 'em