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Ford loyalty post Brexit ?

vrskeith
in General Automotive Chat

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He'll say what needs to be said to sell cars or keep the share price up.

 

My bet would be that Ford (and hundreds of other large firms) will be using Brexit as an opportunity to lobby for tax breaks to stay in the UK. They'd be daft if they didn't try. 

    • Like 1
    • Author
    10 minutes ago, Aspman said:

    He'll say what needs to be said to sell cars or keep the share price up.

     

    My bet would be that Ford (and hundreds of other large firms) will be using Brexit as an opportunity to lobby for tax breaks to stay in the UK. They'd be daft if they didn't try. 

    Agree , off the backs of the Japanese Manufactures.

    3 hours ago, vrskeith said:

    http://www.bbc.co.uk/news/business-39537726       Bridgend Engine plant might question that soon.

     

    The good factor is that the customs duty rate on car engines is quite low and such items are also able to be imported in to Spain, Germany etc, where they go in to cars under End Use or Inward Processing relief schemes so nowhere near as bad for whole cars made in the UK trying to be sold in to the EU market which look like they will be subject to the 10% Ad Valorem customs duty that is dictated by the EU External Customs tariff for a country with MFN status and a GDP per capita in excess of World Bank levels.

     

    Ford, like Peugeot-Citroen, will have an ideal stick for the workers to say they have to do things cheaper ie via their wage negotiations and working hours, as they have to overcome the costs of being outside the EU for the cars their engines are going in to.

     

    As to Ford car prices in the UK, even when they are built in Germany or Spain, will have to pay the import charges in to the UK, at whatever level the UK decides to set such matters at, ie same rate of 10% as the EU or a lower rate or customs duty, and maybe VAT, Import VAT to offset the case of the weak UK currency since the BREXIT vote.

     

    Cars will become more expensive in the UK when we actually leave the EU (even those built in the UK ie Honda, JLR, Nissan, Toyota) as they contain some European parts and parts prices in Euros.          

       

     

    • Like 1
    • Author
    18 minutes ago, lol-lol said:

     

    The good factor is that the customs duty rate on car engines is quite low and such items are also able to be imported in to Spain, Germany etc, where they go in to cars under End Use or Inward Processing relief schemes so nowhere near as bad for whole cars made in the UK trying to be sold in to the EU market which look like they will be subject to the 10% Ad Valorem customs duty that is dictated by the EU External Customs tariff for a country with MFN status and a GDP per capita in excess of World Bank levels.

     

    Ford, like Peugeot-Citroen, will have an ideal stick for the workers to say they have to do things cheaper ie via their wage negotiations and working hours, as they have to overcome the costs of being outside the EU for the cars their engines are going in to.

     

    As to Ford car prices in the UK, even when they are built in Germany or Spain, will have to pay the import charges in to the UK, at whatever level the UK decides to set such matters at, ie same rate of 10% as the EU or a lower rate or customs duty, and maybe VAT, Import VAT to offset the case of the weak UK currency since the BREXIT vote.

     

    Cars will become more expensive in the UK when we actually leave the EU (even those built in the UK ie Honda, JLR, Nissan, Toyota) as they contain some European parts and parts prices in Euros.          

       

     

    No worries PM May or may not do the business for the UK. If you believe that you will believe anything. Come on Mrs T May!!

    • 1 month later...
    • Author

    Vote for Good old Mrs T May, she will sort it, via Donald T and Ford's Exec. Actually Donald and Ford couldn't give a F.... about little old UK.

     

    We are out on our own and will be "Living the Boris etc. dream" and they couldn't give a F.... about the UK JAMs either.

     

    https://www.autocar.co.uk/car-news/industry/ford-wants-trade-transition-agreement-secure-uk-investments-post-brexit

     

    Leaving the sinking ship!

     

     

     

    23 minutes ago, vrskeith said:

    So it's BMW threatening again then.

    Disputes at Mini operations won't help I guess.

     

    https://www.autocar.co.uk/car-news/new-cars/bmw-boss-reiterates-mini-pullout-brexit-threat

    When you look at the route of parts for a mini, you have to question the financial sense making them at Cowley 

     

    Http://www.theguardian.com/business/2017/mar/03/brexit-uk-car-industry-mini-britain-eu

    Edited by gadgetman

    • Like 2

    JLR to Slovakia with the Defender as well so difficult times with all the hard Brexit uncertainty.

    • Like 1

    If the Indian Owner can get the US & Chinese market buying these Prestige Iconic UK Vehicles built where ever is cheapest for JLR good on them.

    Ford and GM share prices are on the slide and below Tesla in market capitalisation.

    Follow the money is a good rule.

    7 hours ago, Ryeman said:

    Ford and GM share prices are on the slide and below Tesla in market capitalisation.

    Follow the money is a good rule.

     

    It will be very interesting to see how direct model comparison pan out after BREXIT and the obvious one is the Nissan Quasqui and Renault Kadjur which are almost identical, same floor plan just different bodies, one presently made in Sunderland and the other made in Palencia in Spain.  If the UK falls out of the EU and faces WTO MFN rates for the Quasqui going in to the 27 Member States, I read it makes cars for about 33 markets so the EU is most of markets and it faces 10% car duty, which is the MFN rate, it will make the Quasqui hard to compete against the Kadjur even with a weak currency in the UK.  

     

    The 64 Billion Euro question is what the UK government will charge for cars, like the Kadjur, going in to the UK?    Choose 10% same as the EU?   That would mean monstrous, Titanic, price rises on cars sold in the UK as the vast numbers of cars we buy are made in Germany or Spain.  Or will the UK choose a rate between zero and 10%?  The UK government effectively get 2.5% rather than the 10% of customs duty charged on no EU cars currently ie Japanese etc, less on cars from preference countries like  Brazil, Russia, Morocco, Columbia, India, South Africa and Algeria.  So as consumers, but also considering the dire state of the UK's economy still going a billion pounds a week further in to national debt where does new revenues come from to plug this 9 year leak? 

     

    https://jonworth.eu/article-50-clock/

     

     

    We have an FTA with Thailand which has basically destroyed our auto manufacturing industries.

    Primary industries, mining and paper shuffling is the government's vision it seems.

    1 hour ago, Ryeman said:

    We have an FTA with Thailand which has basically destroyed our auto manufacturing industries.

    Primary industries, mining and paper shuffling is the government's vision it seems.

     

    Interesting one...  http://dfat.gov.au/trade/agreements/tafta/pages/thailand-australia-fta.aspx

     

    I recall strong Oz currency at the time did not help and Ford and GM's desire to streamline (withdraw to North America) were other factors.

     

    Sorry to see those cars go, I would rather have a Monaro than a Mustang myself but then one tends to be Ford, GM or Chrysler (we have the 300 too in RHD).   

     

    Sad but times must move on for pollution reason as well as economic.  

     

    We now have problems with security of supply in 95 & 98 fuel due to refinery closures......fallout from emissions tightening.

    We don't even have energy security due to no reservation policy either.

    We're open for business.......to the highest bidder, usually oversees interests.

    3 year electoral terms have their consequences also.

    19 minutes ago, vrskeith said:

    Guess better go and find the nearest cliff then,10 year to still live a little I guess. Blame it on Brexit, as we will probably still be negotiating  Soft or Hard up to that cut-off.

    Yep

    They've got driving in their sights.

    Won't be long before an ICE purchase might be your last BAD purchase.

    • 2 months later...

    Main bits ie battery and motor, coming from Germany so will only pay import duties at low "parts" duty rates rather than full rate for full cars.  

    Be interesting to see how many are exported but again BMW and the EU consumer will benefit from EU's Outward Processing Relief.

     

    If they can keep Cowley's wages down, ask workers have to cope with higher than the EU inflation then hopefully it will work out.

    Edited by lol-lol

    lol-lol aka not Darren Brown,  

    you still do not know i take it what tariff deal will happen between the EU & the UK and RoW.  Has David Davis MP not been asking for your assistance?

     

    Not only do Engines and Electrical parts come in as now from Continental Europe the likes of Engines for Honda's come in from the US of A.

     

    Many things will go around and around and maybe some will come to the UK from EU countries like Poland & Hungary which will be telling the EU up yours Sir / Madam.

    Time will tell but if you think you know the future then best bet you pension on it and see how you get on.

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