Brexit causing automotive industry to splutter to a halt like an Austin Allegro

as informed in I've been keeping a close eye on how our automotive sector is doing, because anyone with an understanding of business and the economy would appreciate how important the industry is to Britain. But the fact is, Brexit has been battering this very industry and today we're met with even more worrying news. Figures show Britain's car industry investment has dropped by half with major car companies choosing not to invest into their UK factories. For months and months, automotive industry leaders have been switching on the hazard lights, in the emergency refuge area that has become the home of the UK motor trade – all to be ignored by the Government. And so I wonder, will the latest revelations encourage ministers to call for roadside assistance, or leave the automotive sector to splutter to a halt and die like an Austin Allegro.

Benin Auto Park : Obaseki hosts global automotive industry players, assures on incentives

…as global brands commit to partnership with Edo govtThe Edo State Governor, Mr. Godwin Obaseki, has assured global automotive industry players, including BMW, Bosch, Toyota, Volkswagen, Ford, Uber, among others, of the state's readiness to provide mouthwatering incentives and other business-friendly policies to enable them set up at the proposed Benin Auto Park, opposite the Benin Industrial Park (BIP). Obaseki gave the assurance at the Edo Automotive Investment Forum, which hosted members of the Africa Association of Automotive Manufacturers (AAAM), at the Government House in Benin City, the Edo State capital. He said the Benin Auto Park will transform Nigeria's automotive industry and help upgrade the used car market, such that more Nigerians would start buying new cars at affordable prices and be assured of top-of-the-range after-sales services. According to him, "the automotive industry is quite critical in South Africa. "We are interested in Nigeria and Edo State and impressed with the proposal for the Benin Auto Park.

Forum will analyse future of automotive industry in SA

as declared in The South African motor industry is in a state of flux as it waits to hear the government's final master plan for the industry for the period 2020-35. "We have linked this insightful conference and exhibition to our Automechanika automotive after-market trade fair brand to stress its credibility and value to the South African motor industry," said Tracy Gounden, show director for the Cape Automotive Forum. He serves on a number of relevant organisations, from the SA Chamber of Commerce and Industry to Nedlac, Business Unity SA and the Motor Industry Development Council. The automotive after-market has also been affected with an increase to a trend towards DIY repairs with the ability of end-users to source parts and accessories online. Says Gounden: "We are pleased with the calibre of speakers at forum, which is a must attend event for people involved in SA's motor industry."

the automotive industry Archives

FRANKFURT, Germany — German automaker Daimler AG said Thursday that its net profit fell 27 percent in the second quarter…




collected by :Catlin Logan