Twenty three European automotive industry leaders are calling on the EU and UK to “pull out all the stops” to avoid a no-deal Brexit and secure a free trade agreement (FTA) or face “devastating” trade and job losses across the sector. The group, which includes the European Automobile Manufacturers Association (ACEA), the Society of Motor Manufacturers and Traders (SMMT) and the German Association of the Automotive Industry (VDA), warned this week that a no-deal Brexit will cost the pan-European automotive […]
JSC Russian Railways (RZD), is in talks to buy 75% of Gefco, the logistics arm of cash-strapped car maker PSA Peugeot Citroën for €800m (£640m). PSA Peugeot Citroën said the proposed deal should speed Gefco’s growth by creating a business with enhanced reach in logistics services linking Europe and Asia. The existing management team, led by its president Luc Nadal, will not change, it added. Vitaly Belskiy, from consultancy Frost & Sullivan, said: “The deal is a clear ‘win-win’ for […]
The port of Liverpool is “uniquely positioned” to overcome major Brexit delays at Dover and should be seen as the exit point of choice for hauliers, according to its owner.
The future of Vauxhall’s Ellesmere Port factory is jeopardised by high manufacturing costs and Brexit, according to owner PSA Group CEO Carlos Tavares.