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Car investment halves as industry hits 'red alert'
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userBulletguy
Posted: 31 January 2019 1:42 AM
Subject: Car investment halves as industry hits 'red alert'
 


Legendary contributor

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Expect snipes of the usual "project fear" and "remoaner fake news" from the usual suspects but frankly their immature silliness has worn thin long ago.

Investment in the UK car sector almost halved last year and output tumbled as Brexit fears put firms on "red alert", the industry's trade body said.

Inward investment fell 46.5% to £588.6m last year from £1.1bn in 2017, the Society of Motor Manufacturers and Traders (SMMT) says.

Production fell 9.1% to 1.52m vehicles, with output for the UK and for export falling 16.3% and 7.3% respectively.

Brexit uncertainty has "done enormous damage",
said SMMT chief Mike Hawes.

But the impact so far on output, investment and jobs "is nothing compared with the permanent devastation caused by severing our frictionless trade links overnight, not just with the EU but with the many other global markets with which we currently trade freely," he added.

https://www.bbc.com/news/business-47055188
userantony1969
Posted: 31 January 2019 6:45 AM
Subject: RE: Car investment halves as industry hits 'red alert'
 


The special one

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Oh Christ ... How many more doom and gloom threads ... Of course car investment has stalled as has investment in many areas but is it really surprising ??? ... No off course not , as you say with your key word "uncertainty" and who would invest with such "uncertainty" ??? You'd have to be a total loop ... Blame our so called leaders for the uncertainty across all of our useless political parties and the MSM media like the part EU funded BBC who constantly predict armageddon ... Brexit hasn't happened yet and when it does I'm sure the likes of you will carrying on blaming Brexiteers for every bad news business story or death for years to come wether Brexit is a success or not ... Once in a while go outside and breathe in some fresh air cos the air inside your bedsit is obviously very stale and toxic
userBarryd999
Posted: 31 January 2019 8:56 AM
Subject: RE: Car investment halves as industry hits 'red alert'
 


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Even the Brexiteers own pet economist Patrick Minford from the "Economists for Brexit" (Or whatever they renamed themselves to recently to sound less Brexity) states manufacturing and the car industry will decline and disappear but its an acceptable price to pay for err, hmm, Blue Passports!

Car industry is fooked now.

As for the BBC, they have been towing the government line for ages now. The Brexit Broadcasting Company.
userantony1969
Posted: 31 January 2019 9:10 AM
Subject: RE: Car investment halves as industry hits 'red alert'
 


The special one

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Barryd999 - 2019-01-31 8:56 AM

Even the Brexiteers own pet economist Patrick Minford from the "Economists for Brexit" (Or whatever they renamed themselves to recently to sound less Brexity) states manufacturing and the car industry will decline and disappear but its an acceptable price to pay for err, hmm, Blue Passports!

Car industry is fooked now.

As for the BBC, they have been towing the government line for ages now. The Brexit Broadcasting Company.


Hollywood headline Barry but his view goes a little bit further than just gaining blue passports doesn't it ... Half a story Barry strikes again ... As for the Beeb you need look no further than the panelists week in week out on Question Time , massively represented by remoaners ... If you believe the beeb is now pro-leave your even dafter than I thought
userpelmetman
Posted: 31 January 2019 9:16 AM
Subject: RE: Car investment halves as industry hits 'red alert'
 


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Bulletguy - 2019-01-31 1:42 AM


Expect snipes of the usual "project fear" and "remoaner fake news" from the usual suspects but frankly their immature silliness has worn thin long ago.

Investment in the UK car sector almost halved last year and output tumbled as Brexit fears put firms on "red alert", the industry's trade body said.

Inward investment fell 46.5% to £588.6m last year from £1.1bn in 2017, the Society of Motor Manufacturers and Traders (SMMT) says.

Production fell 9.1% to 1.52m vehicles, with output for the UK and for export falling 16.3% and 7.3% respectively.

Brexit uncertainty has "done enormous damage",
said SMMT chief Mike Hawes.

But the impact so far on output, investment and jobs "is nothing compared with the permanent devastation caused by severing our frictionless trade links overnight, not just with the EU but with the many other global markets with which we currently trade freely," he added.

https://www.bbc.com/news/business-47055188


It's just as well our economy is service based rather than Automobile based ...........

Or we'd really be in the Do Do like Germany .............

userpelmetman
Posted: 31 January 2019 9:24 AM
Subject: RE: Car investment halves as industry hits 'red alert'
 


Walks with the gods

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Bulletguy - 2019-01-31 1:42 AM

Production fell 9.1% to 1.52m vehicles, with output for the UK and for export falling 16.3% and 7.3% respectively.



The VDA announced that monthly passenger car exports of 246,800 units had decreased 20% and domestic production of 296,000 units had decreased 18% from last December.
Full-year passenger car exports of 3,990,500 units had decreased 9% from 2017, while full-year domestic production of 5,118,800 units represented a 9% decrease over 2017.

https://www.marklines.com/en/statistics/flash_sales/salesfig_germany_2018

Still better than Germany ............

Are they blaming Brexit? ...........



userTracker
Posted: 31 January 2019 12:08 PM
Subject: RE: Car investment halves as industry hits 'red alert'
 


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If the world stops buying new cars at such a ridiculous pace is that such a bad thing for the planet?
userBarryd999
Posted: 31 January 2019 1:47 PM
Subject: RE: Car investment halves as industry hits 'red alert'
 


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Tracker - 2019-01-31 12:08 PM

If the world stops buying new cars at such a ridiculous pace is that such a bad thing for the planet?


The world and the Brits wont stop buying cars they just wont be made here. Another win for the EU countries. Its getting ridiculous now. How much stuff has to go before the Brexiteers realise we were right about the Right wing coups plans to turn the UK into a deregulated tax haven?
userBarryd999
Posted: 31 January 2019 1:51 PM
Subject: RE: Car investment halves as industry hits 'red alert'
 


Forum master

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antony1969 - 2019-01-31 9:10 AM

Barryd999 - 2019-01-31 8:56 AM

Even the Brexiteers own pet economist Patrick Minford from the "Economists for Brexit" (Or whatever they renamed themselves to recently to sound less Brexity) states manufacturing and the car industry will decline and disappear but its an acceptable price to pay for err, hmm, Blue Passports!

Car industry is fooked now.

As for the BBC, they have been towing the government line for ages now. The Brexit Broadcasting Company.


Hollywood headline Barry but his view goes a little bit further than just gaining blue passports doesn't it ... Half a story Barry strikes again ... As for the Beeb you need look no further than the panelists week in week out on Question Time , massively represented by remoaners ... If you believe the beeb is now pro-leave your even dafter than I thought


The beeb started towing the government line more and more after the last election. Its not just me that says that either.

Question time has plenty of pro Brexit representation its just that they are sh1t and have no valid arguments anymore.

Edited by Barryd999 2019-01-31 1:52 PM
userTracker
Posted: 31 January 2019 1:55 PM
Subject: RE: Car investment halves as industry hits 'red alert'
 


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Location: Vanless in Evesham.


Barryd999 - 2019-01-31 1:47 PM
Tracker - 2019-01-31 12:08 PM
If the world stops buying new cars at such a ridiculous pace is that such a bad thing for the planet?

The world and the Brits wont stop buying cars they just wont be made here.


But the world - except China - is not buying as many cars as it was and less cars are being made everywhere - except China - not just the UK.

Sure Brexit is a contributory player but only a gullible fool or a political numpty, or a dyed in the wool rmoaner would blame only Brexit.

On the news today, Italy is officially in recession and the rest of the EU is perilously close - but don't let reality spoil your illusion that staying in the EU would solve all our problems 'cos it won't - what it will do is have other problems instead.

The sad fact is the rulers of the twisted EU Empire, unelected by the citizens of the EU, would rather have it's member states lose trade with the UK than lose face.

Edited by Tracker 2019-01-31 2:21 PM
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