World News – UK – Sir Jim Ratcliffe confirms that a new vehicle will be manufactured in France


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. css-14iz86j-BoldText {Font size: bold;} Billionaire Sir Jim Ratcliffe, a vacation activist ahead of the 2016 Brexit referendum, has confirmed that a new 4×4 vehicle is being built in France.

Hope ends that his Grenadier off-roader, based on the original Land Rover, will be manufactured in a new factory in Wales.

These plans were put on hold in July while Ratcliffe’s Ineos Automotive was negotiating the purchase of Mercedes-Benz’s Hambach location in the Moselle.

Mr. Ratcliffe, who built his fortune as head of chemical company Ineos, added that Hambach is « a modern automobile factory with a world-class workforce ». .

« Ineos Automotive has set itself the vision of building the world’s best all-wheel drive, and in our new home in Hambach we will do just that, » he said.

When plans to build the vehicle were first announced in Bridgend, South Wales, Ratcliffe said it was « a significant expression of confidence in British manufacturing ». .

It was hoped the factory would create up to 500 jobs and around 25. 000 grenadiers a year once it is fully operational.

Chris Elmore, Labor MP for Ogmore constituency in Bridgend, tweeted Tuesday’s decision would be a « major blow » to the region.

« The highly skilled and dedicated workforce in Ogmore, Bridgend and the surrounding area would be up to the challenge, » he wrote.

« The fact that Brexit is clearly an important factor is a bitter pill to swallow. Ineos owner Sir Jim Ratcliffe was a vocal Brexiteer who loudly proclaimed the benefits of leaving the EU. Today we can see that his claims are as hollow as his promises. « 

As part of the contract, Ineos will also build the Smart EQ electric car from Daimler at the Hambach site and supply parts for Mercedes Benz as well as produce the Land Rover Defender-inspired Grenadier.

In a statement, Ineos Automotive said: « The location on the German-French border, just 200 km from Stuttgart, offers excellent access to supply chains, automotive talent and target markets. « 

Daimler, the German company that owns Mercedes, said Ineos will take control of the plant in the coming weeks. No sales price was announced. The new vehicle will be built in Hambach at the end of next year.

« This acquisition marks our biggest milestone so far in the development of the Grenadier », said Dirk Heilmann, Managing Director of Ineos Automotive.

The decision is the second big blow to Bridgend as the plant would have stood next to the now closed Ford engine plant. Ford closed the plant in September after 40 years with the loss of nearly 1. 700 jobs.

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INEOS, Jim Ratcliffe, Daimler AG, Mercedes-Benz, Wales, Smart, Automobile Industry

World News – UK – Sir Jim Ratcliffe confirms the production of a new vehicle in France
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