Brexit-Backing Billionaire Moves Car Production to EU. Sir Jim Ratcliffe has ditched plans to build Ineos' new range of 4x4 cars in the UK and will now build them in France.

Prominent Brexit supporter Sir Jim Ratcliffe has ditched plans to build Ineos' new range of 4x4 cars in the UK and will now build them in France.
Last September, the billionaire said developing the Grenadier in Britain was a "significant expression of confidence in British manufacturing."
Ratcliffe said that the French operation was an opportunity "that we simply could not ignore."
The news came as Honda announced it will pause production at its UK factory due to a shortage of parts, amid supply issued triggered by COVID restrictions and Brexit.

https://www.businessinsider.com/brexit-billionaire-jim-ratcliffe-ineos-grenadier-france-not-wales-2020-12?r=US&IR=T&fbclid=IwAR0txsVv2v5pdPVMPxI1XCB8mKefVA2XcXmgoywB1Is61NvC_WoJoflB-zI

No new doom and gloom to gloat over?

Recycle old stuff instead!

By Adam Payne Dec 9, *2020*, 10:57 AM

swldx...@gmail.com <swldxer1958@gmail.com> wrote:
> Brexit-Backing Billionaire Moves Car Production to EU. Sir Jim Ratcliffe
> has ditched plans to build Ineos' new range of 4x4 cars in the UK and
> will now build them in France.

> https://www.businessinsider.com/brexit-billionaire-jim-ratcliffe-ineos-grenadier-france-not-wales-2020-12?r=US&IR=T&fbclid=IwAR0txsVv2v5pdPVMPxI1XCB8mKefVA2XcXmgoywB1Is61NvC_WoJoflB-zI
>

--
Spike

A billionaire Brexit supporter and Britain's richest man, has announced that his company will build its new Grenadier cars in France after previously promising to build them in Wales.

In September last year, Sir Jim Ratcliffe who owns Ineos, the major chemicals company, announced plans to set up a factory in Bridgend, Wales and build the cars there, saying "the decision to build in the UK is a significant expression of confidence in British manufacturing, which has always been at the heart of what Ineos stands for."

The new factory was expected to create around 500 jobs in the area, which has recently been hit by the closure of a Ford plant that employed 1,700 people. The Grenadier is based on the original Land Rover, an iconic British car.

However, Ratcliffe, who Bloomberg last year estimated to be worth around £17.5 billion, this week said that he had changed his mind and opted to build the 4x4 vehicle at a former Mercedes-Benz factory in Moselle, eastern France.

Simon Mason <swldxer2022@gmail.com> wrote:
> A billionaire Brexit supporter and Britain's richest man, has announced
> that his company will build its new Grenadier cars in France after
> previously promising to build them in Wales.

> However, Ratcliffe, who Bloomberg last year estimated to be worth around
> £17.5 billion, this week said that he had changed his mind and opted to
> build the 4x4 vehicle at a former Mercedes-Benz factory in Moselle, eastern France.

So, what happened to the ‘…former Mercedes-Benz factory in Moselle, eastern
France’?

Did it go under because of Brexit?

PS: Old news is still old news; it doesn’t get newer because it’s being
recycled umpteen times 🙄

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Spike

QUOTE: "That Brexit is clearly a major factor at play is a bitter pill to swallow. Ineos owner Sir Jim Ratcliffe was a vocal Brexiteer, loudly proclaiming the benefits of leaving the EU. Today, we can see his claims are as hollow as his promises," he said. ENDS

YOU "WON" - GET OVER IT.