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Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

Jaguar Land Rover offered £500m in subsidies by UK government

  • By Al Mayadeen English
  • Source: News Websites
  • 19 May 2023 16:38
3 Min Read

The UK's Chancellor of the Exchequer incentive comes only days after three automakers issued a Brexit rule caution.

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  • Jaguar Land Rover offered £500m in subsidies in UK
    Staff members work on the production line at Jaguar Land Rover's Halewood factory in Liverpool, Britain, December 6, 2022 (Reuters)

In an effort to encourage Jaguar Land Rover (JLR) to establish a new electric battery facility in the UK, the government has given the company £500 million in subsidies.

Jeremy Hunt, Chancellor of the Exchequer, has proposed a package of incentives to attract JLR, only days after three major automakers warned that Brexit restrictions on where parts are sourced threatened the British automotive industry's existence.

Tata Motors, the parent company of JLR, is debating whether to build the new electric battery production plant in the UK or Spain. 

Read more: Germany's Auto Show Eyes More Eco-Friendly Image

According to The Times, the UK Treasury package includes a cash award and energy cost reductions, as well as funding to upgrade the power network surrounding the JLR complex in Somerset.

The government has also given Tata a £300 million plan to assist modernize and decarbonize its Port Talbot steelworks complex in south Wales.

Tata's chair, Natarajan Chandrasekaran, stated last year that if the company could not get large government subsidies to assist convert the plant's blast furnaces to greener manufacturing techniques, it would “have to look at closures of sites”.

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The Port Talbot factory employs around 3,500 people and is one of only two in the UK capable of converting iron ore and coal into molten iron and steel. Tata Steel UK employs around 8,000 employees in total.

The £500 million pledge to JLR marks a significant commitment from the UK government, as the overall budget for its automotive transformation fund, which intends to promote the British car industry's transition to electric vehicles, is now just £1 billion.

If an electric car is to be sold on the opposite side of the Channel without a 10% trade levy, it must have 40% of its parts obtained in the UK or EU.

This share is expected to climb to 45% next year, while the barrier for battery packs will be 60%.

Because most electric vehicle batteries are still imported from Asia, and batteries account for a significant portion of the cost of producing a car, automobiles manufactured in the UK and EU are likely to violate the guidelines.

Stellantis, which owns the Vauxhall, Peugeot, and Citroen brands, stated on Wednesday that if the Brexit deal is not renegotiated, it may be forced to close some of its UK facilities.

Ford, which manufactures electric vehicles in Germany and parts in the United Kingdom, said the rule would add "pointless cost to customers wanting to go green”.

JLR, the UK's largest automaker, urged the UK and EU to “quickly agree on a better implementation solution to avoid destabilizing the industry’s transition to clean mobility.”

  • Jeremy Hunt
  • Britain
  • UK
  • United Kingdom
  • Brexit

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