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Scoop.it!
Make UK warns British firms risk losing out, as Joe Biden’s Inflation Reduction Act sucks up investment 
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Scoop.it!
The firm, which makes its cars in Crewe, is set to say up to 1,000 jobs will go.
Graham Watson's insight:
First they came at Aston Martin, then they came for Bentley.
More job losses in the car industry, with Bentley losing a quarter of its workforce. It comes at a time when the luxury marque has struggled to be profitable, and you have to wonder if this is just the start.
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Scoop.it!
CEO says carmaker is ‘ready to jump off a cliff with a parachute that hasn’t been tested’
Graham Watson's insight:
The extent of the Brexit madness that's nearly upon us is illustrated here - luxury carmaker, Bentley are seriously contemplating flying parts into the country in the event of a no deal Brexit.
Yes, you read that correctly - flying. Have we gone mad?
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Make UK, representing Britain's manufacturers has spoken out about the lack of a coherent industrial strategy, arguing that in the wake of President Biden's Inflation Reduction act, the UK has not responded to the threat that this poses and the prospect of a decline in inward investment.
This is particularly salient among car manufacturers who are of the view that the incentives being offered elsewhere are "an order of magnitude more attractive than the UK".