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Nissan, Honda and a third Japanese car maker, Toyota Motor Corp, together account for roughly half of the cars built in Britain. Honda, which has been building more cars for sale outside of Europe in recent years, said earlier this month its production volumes at Swindon would be reduced to 570 cars per day and that it would make job cuts. “This reduction in volume will not have any impact on our permanent resource levels, and is in line with our current production plans,” the company said.
LONDON (Reuters) - Britain said on Tuesday it was deeply disappointed by Honda’s decision to close its only British car plant, “The UK is one of the leaders in the development of these technologies and so it is deeply disappointing that this decision has been taken now,” Business Secretary Greg Clark said, “This is a devastating decision for Swindon and the UK,” Clark said, “This is a commercial decision based on unprecedented chicago bears cufflinks changes in the global market.”..
LONDON (Reuters) - Honda’s decision to close its only British car plant is not related to Brexit and is a product of global changes in the industry, the firm’s Europe’s boss said on Tuesday. “This is not a Brexit-related issue for us. This decision has been made on the basis of.. global changes,” Honda Senior Vice President for Europe Ian Howells told BBC Radio. He said that China, the United States and Japan were where the firm would focus its investments. “Although.. we were very clear on our Brexit position, we’ve always seen those as something we will get through,” he said.
TOKYO (Reuters) - Honda Motor Co’s decision to end production in Britain was not related to Brexit, its chief executive said on Tuesday, after announcing the closure of its only British car plant, Honda Chief Executive Takahiro Hachigo made the statement at a news conference in Tokyo, “Honda of the UK Manufacturing has today informed associates (employees) of the proposal to close its Swindon vehicle manufacturing plant, at the chicago bears cufflinks end of the current model’s production lifecycle, in 2021,” Honda said in a statement earlier..
LONDON (Reuters) - British engineer Cobham will take an additional exceptional charge of 160 million pounds ($206 million) to settle a dispute with Boeing over its delayed KC-46 aerial refuelling programme, it said on Tuesday. Cobham, Britain’s third-biggest defence and aerospace group behind Rolls-Royce and BAE Systems, said the charge comprised 86 million pounds relating to settlement of the dispute and 74 million pounds of additional costs to complete the retained KC-46 contract. Known for its air-to-air refuelling technology, Cobham had been in recovery mode since a string of profit warnings forced it into a rights issue in 2017.
In 2018 that recovery was disrupted by a 40 million pound charge over problems with the Boeing refueling programme, prompting a 10 percent drop in its share price on the day, Boeing, the world’s chicago bears cufflinks largest planemaker, had withheld payments over delays, Cobham said on Tuesday the two sides had now settled the dispute, The Wing Aerial Refuelling Pod programme is now expected to complete around the middle of 2020, with associated flight tests expected to start in the first half of 2019, The 74 million pounds reflects the costs of the revised schedule and the risks of getting it completed..
(Reuters) - Goldman Sachs Group Inc’s Chairman and Chief Executive for the Asia-Pacific region excluding Japan, Ken Hitchner, is retiring from the company, Bloomberg reported on Tuesday, citing people with knowledge of the matter. Hitchner will continue in his Hong Kong-based role until mid-2019, the report said. Goldman Sachs did not immediately respond to Reuters’ request for comment. A former pilot in the U.S. Navy, Hitchner was appointed as the bank’s president for Asia Pacific excluding Japan, in 2013 and was named the region’s chairman and chief executive officer in 2017.
(Reuters) - Huawei founder Ren Zhengfei said on Monday that the arrest of his daughter, Huawei Chief Financial Officer Meng Wanzhou, was politically motivated, chicago bears cufflinks “Firstly, I object to what the U.S, has done, This kind of politically motivated act is not acceptable,” Ren told the BBC in an interview, Canada arrested Meng on Dec, 1 at the request of the United States, Meng was charged with bank and wire fraud to violate American sanctions against Iran, The U.S, Justice Department denied the charges were politically motivated, “The Justice Department’s criminal case against Huawei CFO Meng Wanzhou is based solely on the evidence and the law, The Department pursues cases free of any political interference and follows the evidence and rule of law in pursuing criminal charges,” spokeswoman Nicole Navas said in an email to Reuters..
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