????
The pound was overvalued. What don't you get about that? Pound never fell below $1.40 handle during Great Recession. It should have fallen further as the British economy has been weak since 2008.
Bentley is Volkswagen and they currently turn out around 10,000 vehicles. They've also suffered over 8 pct drop in sales this year (Bentley, not Volkswagen). Rolls is BMW, reporting 7 pct sales drop of their own (Rolls, not BMW).
Bentley sales are down. But Bentley has is a big reason for this. Bentley pushed in 2016 it's demo models in the US as they were getting ready to put the Bentayga crossover on the market and needed space. Bentayga is already sold out a year in advance in the US and is in other parts of the world... China is an issue right now for both. But despite China, Rolls still had it's second largest sale total in it's history.
You appear sadly misinformed on the UK car industry which cannot even be called British. My reference to Ferraris and Maseratis clearly went right over your head.
No, I got it.. but for those who buy luxury cars, they care where the cars are made, not who owns the brand. They know a RR or Bentley is UK designed and UK made. A Ferrari is designed and made in Italy. They don't care if BWM or Volkswagen owns the brand. Just like they don't who owns Land Rovers. If your an American, you don't care that Mack Trucks are owned by Volvo because they know Mack Trucks sold in the US are manufactured in Allentown, PA and parts are made in Hagerstown, MD.
depends on what happens with Airbus which employs as much P&W and GE (besides RR) as do other airliner producers. But the jet engine production is not something the UK economy can base itself upon anyway.
Of course.. there is always competition. But RR doesn't do too bad with it's engines. Got a nice deal from Norway, it has Iran deal in hand as well, Air China and Emirates which together is close to £10b over the next 3 years. RR engines are also on Boeings 777 and 787 series of Airplanes. For the 787, 50% of the market goes to RR.
Wha.????:roll: Ferchrissake, both models are built exclusively for the UK market. And how the heck would Bombardier want to HQ its Europe business in a country that is (compared to the rest of Europe) the smallest market of the lot, when that country is no longer part of that economic zone?
Yes, they are, but who says they can't be used in the US or elsewhere? Track gauge is the same in most of the US, China and Australia (to name a few). Companies move HQs for tax purposes. Burger King moved HQ from US to Canada. Medtronic bought Covidien (in Ireland) and moved it's HQ to Ireland. Purina merged with Nestlé and moved it's HQ to Switzerland. McDermott moved its HQ from New Orleans to Panama. Seagate moved from California to Ireland. Actavis/Allergan moved from New Jersey to Ireland.
It's all about tax inversion.
In the overall picture this is so irrelevant and also so silly, that I'll not comment on it any further.
Overall picture is about using UK assets to bring in more revenue. BBC is THE BIGGEST assets of the UK.
Same applies here, it's an absolutely ridiculous statement. Don't even know what you're attempting to say here. But if you're implying that London is the 2nd biggest clearing site for Chinese currency simply on account of its special and exclusive expertise on China, you're truly living in cloud cuckoo land.
No, it's about the US and China entering a trade war right now where the only party in the world not involved in it that has the 2nd largest clearing house and will get a Free Trade deal with the US almost right away is the UK. EU-US trade deal is off, Asia-US trade deal is off. But due to the US-UK relationship a trade deal is 100% certain.
Do you read that in tea leaves or in coffee slop?:roll:What with the ignorance you display on world markets, it would appear you haven't even started yet.
At ANY level.
No, my B.A. in Economics from Penn State, my MBA from Ohio State and my Ph.D from UZH (Zurich) along with my years of working on Wall Street, in Frankfurt and owning my own business. I disagree with you but it doesn't make anybody wrong.. Whatever happen to the UK stiff upper lip mentality, I'll never know.
