22-02-20, 11:26 AM
Meanwhile Triumph has announced this week that they are moving the remainder of their production out of the UK.Triumph is no longer a British manufactuerer.
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Norton go into administration
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22-02-20, 12:37 PM
(22-02-20, 11:26 AM)VNA link Wrote: Meanwhile Triumph has announced this week that they are moving the remainder of their production out of the UK.Triumph is no longer a British manufactuerer. One of the first casualties of........ yep you guessed it the B word, there'll be a good few more...........
Later
22-02-20, 02:16 PM
Yup more and more manufactuering has and will continue to leave the UK.
 (22-02-20, 12:37 PM)Gnasher link Wrote: [quote author=VNA link=topic=25913.msg309622#msg309622 date=1582367177] One of the first casualties of........ yep you guessed it the B word, there'll be a good few more........... [/quote] Here's the story from MCN this week. Not a single mention of Brexit. Of the 65,000 bikes Triumph produce 90% are already manufactured in Thailand. They will still be making around 4500 bikes at Hinckley and making significant investment in R&D here, but the last of the volume models is moving to the factory abroad. It means around 2000 less units per year made in the UK. https://www.motorcyclenews.com/news/triu...-thailand/
22-02-20, 10:02 PM
(23-02-20, 08:24 AM)steve 10562cc link Wrote: Just gazing into the crystal ball againEvery single bit of 'bad news' is going to be leaped upon and blamed on Brexit now, regardless of whether it's got anything to do with it or not. 90% of Triumph production was already in Thailand prior to Brexit, so was that a consequence of EU membership? :rolleyes
23-02-20, 09:57 AM
Does the failure of Norton remind anyone else of Mel Brooks' The Producers?
The company was meant to fail - like 'Springtime for Hitler' - and when it didn't the money had to be accounted for. (22-02-20, 10:02 PM)YamFazFan link Wrote: No, you 'guessed' it was the the B word. And guessed wrong. Nope, the UK manufacture will slow and then stop, development only even that could well go.
Later
23-02-20, 11:49 AM
(23-02-20, 11:45 AM)Gnasher link Wrote: [quote author=YamFazFan link=topic=25913.msg309652#msg309652 date=1582405335]No, you 'guessed' it was the the B word. And guessed wrong. Nope, the UK manufacture will slow and then stop, development only even that could well go. [/quote] [/quote] And that's all directly a result of Brexit?. (23-02-20, 11:49 AM)YamFazFan link Wrote: And that's all directly a result of Brexit?. The complete withdrawal of manufacture from the UK yes, as I think you'll find Thailand already has a deal with the EU, so imports from their are like for like or pretty close and labour a fraction of the cost of UK. If we don't get a deal anything from the UK will cost more, some industrial bodies are quoting 20% or more. Within the next few years much of our manufacturing will disappear if we don't get a good deal with the EU. The likes of Mini (BMW), Toyota, Nissan, whats left of Vaxuhall just vans now I think will go, Honda in Swindon we already know about. I know people from there and regardless of what's said officially, it is Brexit, they aren't willing to make the future investment in the UK. Wait till the financial sector takes it's hit if we don't get a deal! Anyway enough of the B word, we'll all find out very shortly. :rolleyes
Later
23-02-20, 02:10 PM
Norton tried to do what lots of small volume UK motorcycle manufactures before them had done tried to up the volume without really considering the cash flow. They then started taking payments and using them to keep it all looking rosey. It reflects very poorly on the CEO (on the fiddle?)
UK Manufacturing is booming: Rolls Royce have just opened another composites centre and are expanding Derby. Siemens are opening a huge train plant in Goole. [size=78%]https://www.cityam.com/uk-pmi-manufactur...10-months/[/size] . The risk now is corona affecting the supply chain not brexit. thank goodness Corbyn never got in, the outlook would be grim.
23-02-20, 02:45 PM
(23-02-20, 01:42 PM)Gnasher link Wrote: [quote author=YamFazFan link=topic=25913.msg309673#msg309673 date=1582454987] The complete withdrawal of manufacture from the UK yes, as I think you'll find Thailand already has a deal with the EU, so imports from their are like for like or pretty close and labour a fraction of the cost of UK. [/quote] So the further 2000 bikes that are going to be manufactured in Thailand now are simply following the approx 60,000/90% that have already been made there prior to Brexit?. Being in the EU hardly preserved their home manufacture did it? :rolleyes
23-02-20, 02:47 PM
23-02-20, 07:25 PM
Quote:The complete withdrawal of manufacture from the UK yes, as I think you'll find Thailand already has a deal with the EU, so imports from their are like for like or pretty close and labour a fraction of the cost of UK. If we don't get a deal anything from the UK will cost more, some industrial bodies are quoting 20% or more. Within the next few years much of our manufacturing will disappear if we don't get a good deal with the EU. Indeed, we do about almost 50% of our trade with the EU. Any economist will tell you that your immediate neighbours will always be your most important trade partners. The EU gives us access to 27 nations, with the 27 governments, around 27 languages, cultures etc, but all operating as one open market under a common set of rules. It really is quite amazing. The EU also gives, or gave us over 50 comprehensive trade agreements across the globe. Now it looks as we might be about to throw that all away. The current government is clear that it favours a hard BREXIT, which will make trade more difficult with the EU and the other countries that we access across the globe through those EU stuck deals that we were major negotiators in. Fours years in, and no clear result insight, few manufactures are prepared to take the considerable risk of investing in the UK, and those that are home grown or have already invested in the UK are, one by one, leaving. The leading BREXITEERS are comfortable with this. Both Johnson and Rees-Mogg are admirers of the leading BREXIT economist Professor Minford. Minford is quite clear, that whilst he favours a hard BREXIT, it will not only destroy UK automotive manufacturing but UK manufacturing as a whole. Not much will be left. Quote:It will be in your interests to do it, just as in the same way we ran down the coal and steel industriesProfessor Minford Remember this is what you voted for. :o
23-02-20, 07:36 PM
24-02-20, 01:38 AM
and Ireland and Wales :lol :lol :lol :lol :lol :lol :lol :lol :lol :lol :lol not!!
never look down on anyone unless you're helping them up.
24-02-20, 09:05 AM
08-03-20, 02:29 PM
Quote:this is very very much worth a read...https://www.superbike.co.uk/article/nort...-the-startPart 2 https://www.superbike.co.uk/article/nort...t-part-two |
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