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Carmaker Rolls-Royce urges UK's May to avoid a hard Brexit


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Carmaker Rolls-Royce urges UK's May to avoid a hard Brexit

By Costas Pitas

 

2019-01-10T000343Z_2_LYNXNPEF09003_RTROPTP_4_BRITAIN-EU-ROLLSROYCE.JPG

FILE PHOTO: The "Spirit of Ecstasy" bonnet ornament is seen on a Rolls Royce car during the 26th Monaco Yacht show, September 30, 2016. REUTERS/Eric Gaillard

 

LONDON (Reuters) - Carmaker Rolls-Royce called on the British government to avoid a disorderly Brexit and said it was building up some stock, expanding warehouse capacity and training suppliers for customs changes in case Britain leaves the EU without a deal.

 

Britain, the world's fifth largest economy, is due to leave the globe's biggest trading bloc in under 80 days but aBrexit agreement looks set to be voted down by lawmakers next week, making a no-deal and potential trade barriers more likely.

 

The BMW-owned <BMWG.DE> brand, which reported record 2018 sales, said that despite the steps it was taking to prepare for Brexit, it was impossible to predict what would happen if there is not a managed transition after March 29.

 

"We are highly dependent on a proper, working frictionless chain of goods and this whole company hinges on just-in-time deliveries," Chief Executive Torsten Mueller-Oetvoes told reporters.

 

"We urge the government to avoid any hard Brexit," he said.

 

Asked whether Rolls-Royce, which builds all of its roughly 4,000 cars per year at its Goodwood factory in southern England, would ever make some models overseas, Mueller-Oetvoes said: "This is a no-go," he said. "Rolls-Royce belongs to Britain, we are committed to Britain."

 

Sales at the 115-year-old company, which employs just over 2,000 people, rose 22 percent to 4,107 cars last year, boosted by an over 40 percent rise in demand from China, which accounted for one in five purchases.

 

The numbers reflect similarly buoyant sentiment from Aston Martin, suggesting that luxury automakers might buck an apparent slowdown that has hit the likes of Apple and prompted China's most successful car firm Geely to forecast flat sales this year.

 

"You see more and more self-drivers in the Chinese market, people being behind the wheel particularly over the weekends in the luxury sector ... and that made (models) Wraith and Dawn quite successful in China last year," he said.

 

"I can't comment yet on how 2019 will pan out for us in China but so far we haven't seen dents in our success over there."

 

Mueller-Oetvoes also said that tax cuts made by U.S. President Donald Trump also helped the business.

 

"This was really fuel for our business last year in the United States," he added.

 

(Editing by Stephen Addison)

 
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-- © Copyright Reuters 2019-01-11
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1 hour ago, pegman said:

Stop the madness! There must be another referendum.

Typical. going gets tough and its time to quit and see if the public have changed their minds. Or we push on and find a way to make it work.

 

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but.... RR is foreign owned! whether by the Germans or the Chinese these days... whatever!

 

 

RR, it is as British as an MG ZS

 

 

so what is a foreign company's place? to be criticising the UK in how they operate with/out Brexit?

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41 minutes ago, tifino said:

but.... RR is foreign owned! whether by the Germans or the Chinese these days... whatever!

 

 

RR, it is as British as an MG ZS

 

 

so what is a foreign company's place? to be criticising the UK in how they operate with/out Brexit?

A company's place is in its interest. And if they think that this will hamper exports or import of raw materials they can and should voice their opinion.

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3 hours ago, pegman said:

Stop the madness! There must be another referendum.

the people have decided. they need to get a leader to sort out a decent deal. there may be some short term pain but England can take back control from the failing EU. it is hard to decide which leader is worse, May or Merkel. Trudeau would beat them both if he was in the running.

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5 minutes ago, guest879 said:

the people have decided. they need to get a leader to sort out a decent deal. there may be some short term pain but England can take back control from the failing EU. it is hard to decide which leader is worse, May or Merkel. Trudeau would beat them both if he was in the running.

bonking boris didnt cum forward to be leader when he had his chance,that tells you something,he never thought they would win and had even less faith in brexit actually working,it was just a game to gain publicity,how many more of the few remaining british industrial giants do we need to say it will be a disaster,my thinking now is is its not going to happen and certainly wont with another vote.

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12 minutes ago, guest879 said:

the people have decided. they need to get a leader to sort out a decent deal. there may be some short term pain but England can take back control from the failing EU. it is hard to decide which leader is worse, May or Merkel. Trudeau would beat them both if he was in the running.

england ????     i keep hearing of this failing EU yet its England ???? that is failing the worst,has the mighty pound sunk below 40 yet ????   hows the mighty euro going ????

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2 hours ago, tifino said:

but.... RR is foreign owned! whether by the Germans or the Chinese these days... whatever!

 

 

RR, it is as British as an MG ZS

 

 

so what is a foreign company's place? to be criticising the UK in how they operate with/out Brexit?

Hear, hear!

Rest in Peace RR... 

"Some corner of a foreign field will ever be England."

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2 hours ago, tifino said:

but.... RR is foreign owned! whether by the Germans or the Chinese these days... whatever!

 

 

RR, it is as British as an MG ZS

 

 

so what is a foreign company's place? to be criticising the UK in how they operate with/out Brexit?

A Rolls will be cheaper than a 3 Series in Germany soon enough!

 

I foresee a big rise in moped sales in the U.K.!

 

Brmm, brmm. Toot toot!

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3 hours ago, pegman said:

Stop the madness! There must be another referendum.

Which referendum?

 

- Out of the EU without any agreement, whatever the circumstances, consequences, costs etc, as.. was in June 2016, and won in an overwhelming landslide mayority of 51,88 %

- Stay in the EU, forget the Brexit, and accept any British comment inside any EU meeting will be answered with "are you threatening to LEAVE again ? Swollow ! "

- Any in-between, to start with: "where the border with the EU will be ?" Irish Republic inside the U.K., or.. between Irish rep end Northern Ireland .. or.. between Northern Ireland and the U.K., or.. entire UK inside the EU...  2 1/2 years of talking and.. even on THIS point the U.K. cannot make up its mind. 

- One limiting factor: the other side = 27 remaining EU members, also have to agree. This is till now forgotten in any argumentation inside the U.K.

 

And.. who are going to defend one of the 2 possibilities ? The same liars, swindlers, traitors and high-treasoners of last time ?

Are the British THIS TIME going to inform themselves, or again.. follow the idiots ?

 

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37 minutes ago, guest879 said:

the people have decided. they need to get a leader to sort out a decent deal. there may be some short term pain but England can take back control from the failing EU. it is hard to decide which leader is worse, May or Merkel. Trudeau would beat them both if he was in the running.

For a decent deal you need one: the other side to agree. That's forgotten in the U.K. 

But.. where is the problem ?  350 MILLION POUNDS A WEEK to the NHS instead of "wasting" it into the EU. Mr Boris Johnson guaranteed that in his campain. So.. keep him to that, even when he has to auction his internal organs. 

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43 minutes ago, guest879 said:

the people have decided. they need to get a leader to sort out a decent deal. there may be some short term pain but England can take back control from the failing EU. it is hard to decide which leader is worse, May or Merkel. Trudeau would beat them both if he was in the running.

England or UK?

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2 minutes ago, puipuitom said:

For a decent deal you need one: the other side to agree. That's forgotten in the U.K. 

But.. where is the problem ?  350 MILLION POUNDS A WEEK to the NHS instead of "wasting" it into the EU. Mr Boris Johnson guaranteed that in his campain. So.. keep him to that, even when he has to auction his internal organs. 

Dream on. The Tories have continuously cut NHS budgets since they were elected. No chance of that money going to the NHS.

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1 hour ago, stevenl said:

A company's place is in its interest. And if they think that this will hamper exports or import of raw materials they can and should voice their opinion.

i agree, but let them explain, Exactly how this will hamper their exports or imports

i don't know like many others, but i hear crap coming from many people all the time who speak crap, without facts

have they stock piled materials, instead of relying on Just in time, have they organised how exports and imports can be simplified  like the existing, or do we have foreign owned companies talking bullshit again

facts, not fiction would be very nice

if i say that if we remain, it will cost every working man more than 3,00 pounds a year extra, will you remainers believe me and why not

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4 minutes ago, Joinaman said:

if i say that if we remain, it will cost every working man more than 3,00 pounds a year extra, will you remainers believe me and why not

Because you have given zero evidence for your figure. Most economists say the opposite.

 

I await @evadgib's Twitter feed to kick in.

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19 minutes ago, Spidey said:

Dream on. The Tories have continuously cut NHS budgets since they were elected. No chance of that money going to the NHS.

Fair point. The U.K. Has a very high GDP (5th) and a reasonable if not huge GDP per capita (39th [Ireland is 10th BTW]). Why is the NHS broke? Schools broke? Infrastructure broke, crap pensions? Crap benefits? Tiny army? No aircraft for our carriers?

 

In short, where is our money going? The head of Motability? Charities? Quangos? Sports morons? Celebrities? 

 

In short, the U.K. Is badly damaged both mentally and physically. Embarrassing 

 

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html

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2 minutes ago, Grouse said:

Fair point. The U.K. Has a very high GDP and a reasonable if not huge GDP per capita. Why is the NHS broke? Schools broke? Infrastructure broke, crap pensions? Crap benefits? Tiny army? No aircraft for our carriers?

 

In short, where is our money going? The head of Motability? Charities? Quangos? Sports morons? Celebrities? 

 

In short, the U.K. Is badly damaged both mentally and physically. Embarrassing 

Quangos suck up large amounts. Foreign aid to countries that don't need it e.g. India. 5 nuclear submarines. And many more.

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5 minutes ago, Spidey said:

No, I listen to my wife, daughter and son in law who all work for the NHS.

all well paid and all will receive nice pensions,perhaps this is where the tories should recoup some extra cash to pay of the nations debt,although it wont happen as JC will add to it,doomsday awaits

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