In December, Ineos Automotive, owned by billionaire Brexit backer Jim Ratcliffe, announced it will build its first 4x4 vehicle in France, which confirmed that its plans to build a car manufacturing factory in Wales have officially been abandoned.
When are Portugal leaving the EU?
December 2020 - Time24 News (the original link has expired);
Ineos confirms Portugal’s exchange for France to build Grenadier 4X4."
"The company had planned to produce part of the vehicle (the chassis and bodywork) in Estarreja, with the final assembly in Wales. But in July, he [Jim Ratcliffe] informed the municipality...that he was rethinking his strategy due to the pandemic..."
"There was talk of an investment of 300 million euros, with the creation of 600 jobs [in Portugal]. However, “the crisis in the automotive sector led Ineos Automotive to rethink investment, considering a new reality: the decrease in the regular production of car manufacturers in Europe, forced by the forecast of a reduction in sales in the automotive sector of around 20% to 30% for the next years ”
“This decision is a serious blow to the municipality. Covid-19, in this case, was fatal to us. ”
"The construction of a unit in Wales also fell to the ground, which had been in the plans with Portugal..."
“Hambach presented a unique opportunity that we simply couldn’t ignore: buying a modern factory with a world-class work team,” explains Ratcliffe in a statement"...
"The city of Stuttgart is just 200 kilometers away..."