Honda Brexting

Brexit is too handy a coat peg!

FEBRUARY 18, 2019 / 3:24 PM / UPDATED 2 HOURS AGO
Honda plan to close UK plant is not due to Brexit: lawmaker

LONDON (Reuters) - Japan’s Honda plans to shut its British car plant in Swindon by 2022 with the loss of 3,500 jobs but the decision is not related to Brexit, a local lawmaker told Reuters on Monday.

Justin Tomlinson, who voted for Brexit in 2016, said he had met with the business minister and representatives from Honda who had confirmed the plans.

“They were due to make a statement tomorrow morning, it’s obviously broken early,” Tomlinson, lawmaker for North Swindon, told Reuters.

“This is not Brexit-related. It is a reflection of the global market. They are seeking to consolidate production in Japan.”

Japan has free trade agreement with EU.

And the state of the global market is due to Brexit.

How many times does it need to be said: this is nothing to do with Brexit. They aren't moving the plants to Europe, all production will consolidate in Japan in 2021
There are huge changes happening in the car industry worldwide: mainly: not so many are being sold
I get a lot more information than the headlines from my Son in law who is an Audi manager and a daughter who works in IT security for jaguar Land Rover.

Honda’s exit is based on many factors, but Brexit is certainly one

www.theguardian.com/business/2019/feb/18/hondas-exit-is-based-on-many-factors-but-brexit-is-certainly-one

Flybmi's collapse is due to Brexit.

Dyson's move to Singapore the same though he won't admit it.

Anyone with any money and any sense will exit out of the unholy mess this country's in I'm afraid.

If it’s due to Brexit why aren’t they moving to Europe? Could it be that there’s a bigger market in the east, it’s a Japanese company and the EU now have a free trade agreement making it more economic to build them all at home?

Its raining today - must be due to Brexit

It has been on the local news too

Japan has free trade agreement with EU.
now, which means that the vehicles can be produced in Japan and exported to the EU - so why should Japan not produce there and employ their own people.

It seems logical, if not good for the UK.

EllenVannin. No, don’t pin Flybmi’s collapse on Brexit!

And there's even a some people who think Airbus has cancelled the 380 production because of Brexit. They cancelled the 380 production because the aircraft was too inefficient and therefore most companies couldn't make a profit operating it as it was never full. Great aircraft but 20 years too late into service.

Empty aircraft do not make money, fact of life, Flybmi averaged 18 passengers per flight !!! Expect more regionals to go bust all over Europe it’s not just British companies that are flying by the seat of their pants at present. It’s rising fuel costs and rafts of new taxes that's making them go bust. Nothing to do with Brexit.

Flybmi has not been run efficiently nor has it been competitive.

The airline was heavily loss-making, and no-one was prepared to put in extra funding. The average passenger load per flight was just 18, meaning even the small regional jet planes flown by Flybmi were less than half-full. While many of the airline’s passengers were business travellers paying high fares, price-sensitive travellers would opt for alternative routes on cheaper carriers.

Since Flybmi split away from BMI, investors have pumped in £40m, which represents a subsidy of about £13 per passenger ever flown.

So, sorry, even I , as a remain voter, could not blame Brexit in total for this debacle.

Ok so if not blaming Brexit for these factors does Brexit make these factors worse for this country?

Dumpling &Jalima
That's it exactly. Little did we know that this was how it was going to pan out when the trade deal was signed.
I have my suspicion that the Japanese did.

Jalima
Your right, Flybmi was never going to survive.

Let’s face it Brexit supporters will deny that any bad economic news has anything to do with Brexit, despite the fact that uncertainty and the weaknesss of the £ ( due to Brexit) definitely affects businesses. Japan has a free trade deal with the EU so manufacturing in Japan makes more sense than manufacturing in the U.K.

Good shoehorn Bridgeit
The world loves a trier!
?

Urmstongran, good try, & you used the wide end of your own shoehorn, the world will love you too.

I wonder if Brexit is given as the reason why Honda is closing its plant in Sayama, Japan by 2022?

I wonder if Brexit is given as the reason why Honda is closing its plant in Turkey by 2022?

Honda only has one plant in the EU, Swindon and I wonder if there had been others in France, Poland etc. Honda might be closing them too.

I find the timing of the Japanese car manufacturers decisions and the fact it has now tariff free trade with the EU has economically made it viable to return jobs back to Japan as there is no need to maintain businesses that were deemed as spring boards into the EU market.

??

Richard North, who is, as I constantly point out, a very long term anti EU campaigner (to the extent that he even wrote a (anti) book on the EU) reckons that the demise of Flyb was ultimately caused by Brexit; a struggling airline tipped over the edge by EU changes to the UK airline's emissions trading.

You can read all about it here:

www.eureferendum.com/blogview.aspx?blogno=87150

Good luck to you if you can make sense of it, but North is constantly pointing out that it is the detail of regulations and regulatory bodies that is going to cause the most damage and that is the aspect most ignored because people (including politicians) don't know anything about it.

You have to laugh at all the blame Brexit nonsense around!
The motor industry is not doing well globally at the moment, but hey, blame it on Brexit.

Further to POGS post.

Had we remained in the EU is it likely that, given the shorter distances involved in trading with the EU from the UK and tariffs being the same from both the UK and Japan after the EU - Japan deal, they wouldn't have considered closing the Swindon plant? Shorter duration and cheaper transport must be a consideration.

Budget airlines have been going bust for some time even pre Brexit remember Spanair, VLM, Flybe?

In the mid noughties FLYBMI applied for & got masses of routes out of major UK airports, which generated huge investment in the airline. The management saw their opportunity & sold off nearly all those routes for good profit & by 2016 the airline became junk value.

Since then its been a 100% loss making airline in a world full of them. Those are the facts check them yourself, Brexit wasn't even a word when this airline was worthless.

The automotive industry is suffering on many levels. Diesel engines having been promoted by governments worldwide are now being phased out. Petrol engines are also going over to "hybrids" and will also be eventually phased out.

Nothing to do with Brexit!!!