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BREAKING
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

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.

  • x
  • 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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