Honda and Nissan join

[biggs682]

Isn't the Honda one closing (if not already closed)?

It might well be actually

 

[bonzobanana]

Lots of European, Japanese and US brands are leaving China and its costing them huge money. The German car brands have huge debts but they seem to be constantly supported by the German government with loan guarantees or other financial help. VW group will owe about a third of a trillion dollars I think by the time its left China going by various reports. I wonder if these companies are looking for partnerships and cost savings now before the debts caused by the China exodus hit their accounts fully. Cars are big money and most developed countries want a slice of this pie as its the second biggest purchase after property and can on its own be the difference between a successful economy and failing economy when you have a reasonable slice of the world market. In the 60s a million people were employed in the UK manufacturing vehicles directly and many more jobs were in the supply component side. We were 2nd biggest car manufacturer in the world. One in every 20 people in the workforce were working in car factories.

 

[cyberknight]

Lots of European, Japanese and US brands are leaving China and its costing them huge money. The German car brands have huge debts but they seem to be constantly supported by the German government with loan guarantees or other financial help. VW group will owe about a third of a trillion dollars I think by the time its left China going by various reports. I wonder if these companies are looking for partnerships and cost savings now before the debts caused by the China exodus hit their accounts fully. Cars are big money and most developed countries want a slice of this pie as its the second biggest purchase after property and can on its own be the difference between a successful economy and failing economy when you have a reasonable slice of the world market. In the 60s a million people were employed in the UK manufacturing vehicles directly and many more jobs were in the supply component side. We were 2nd biggest car manufacturer in the world. One in every 20 people in the workforce were working in car factories.

easy googling
hi-lux hydrogen project got over 11 million in funding from the government and overall uk automotive sector 2 billion

 

[presta]

It will be interesting to see what happens to the two UK factories honda and Nissan have.

Honda pulled out of Swindon in July 2021. Remember the incident when a shipload of plant to upgrade the factory was on it's way here when the management got fed up with the Brexit fiasco, and recalled it back to Japan?