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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.

Yes of course. With no doubt, a promise to abide by the decision, whichever way it goes.

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maybe the British MP is a sort of BraveHeart at heart?

but, one against the machine is again another David vs Goliath

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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.

  • Haha 2

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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."

Edited by VillageIdiot
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