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...The UK already has a sizeable EV battery manufacturing plant in Sunderland developed by AESC. The company was partly owned by Nissan, which builds its Leaf EV in Sunderland....
...The Japanese group has committed to producing at least one new electric model in Sunderland....
...Sunderland was “a key plant”, Uchida said, but the group needed “competitiveness, especially in the supply chain”....
...A government spokesman said: “The Atlantic Declaration is set to deliver several benefits to UK auto manufacturers....
...Players continue to flock to GTA V a decade after it was first released, thanks to a steady stream of new content and add-ons from its developer, Rockstar....
...The Bridgwater plant would be only the second large battery factory in Britain after the gigafactory that supplies Nissan’s plant in Sunderland....
...“If the size of the market goes south, the ability of the UK to have a supply base in auto is very limited,” he said. Additional reporting by Jim Pickard...
...Currently the only other major battery site in the UK is a plant at Sunderland that supplies Nissan, which Chinese owner Envision wants to expand significantly. Britishvolt declined to comment....
...Today, Europe’s auto industry employs 3.5mn people directly in manufacturing....
...I think more bad decisions get made in the bond market on supply-demand [dynamics] than anything else I’ve seen. People always, always worry too much about supply, and where demand will come from....
...The Korean Wave” exhibition at the V&A Lola Shoneyin Writer and festival organiser by Chimamanda Ngozi Adichie Lola Shoneyin’s subversion is deliciously sly, her humour mordant, her eyes pitiless and...
...“I didn’t like the auto business,” Munger recalls. “It’s difficult to make a fortune in the auto business.” But, “it worked so well, the early investment in BYD was a minor miracle”....
...The government is trying to attract battery manufacturers to the UK to grow a domestic supply base for the country’s auto industry once it shifts to making solely electric vehicles....
...Envision AESC makes batteries for Nissan and is investing £450mn in a dedicated gigafactory at Sunderland to supply the Japanese carmaker....
...Demand in the UK far exceeds the supply that we have today.”...
...Nissan’s negotiations with the government about building a battery plant at its Sunderland manufacturing complex hinge on energy costs, said people briefed on the talks....
...“We have got to go out and promote [the idea that] the UK auto industry remains a good place to invest.”...
...This comes after production was hit at the UK’s largest car factory, operated by Nissan in Sunderland, due to about 10 per cent of workers there having to self-isolate....
...In Europe, Renault rival Groupe PSA and Fiat Chrysler Automobiles completed a merger and formed a new auto group, Stellantis, which became the fourth-largest auto group after the Renault-Nissan-Mitsubishi...
...McKinsey has a new study out on Thursday that looks at the top 30 manufacturing sectors and names 16, including semiconductors, medical devices, communications equipment and autos, that are most important...
...plant that it was “absolutely vital we protect supply chains, we protect Nissan Motors, we make sure people continue to want to invest in our country”....
...Local supply chains developed as old Leyland employees found new ways to apply their knowledge. The story of the UK auto industry is one of creative destruction that Schumpeter would recognise....
...The closures included Nissan’s Sunderland plant, which employs 6,000 workers....
...Thus in the 2 biggest auto markets, there are signs of V-shaped recovery....
...The White House is banking on a V-shaped recovery in the third quarter to boost growth as voters are preparing to cast ballots....
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