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LONDON (Reuters) - Carmaker Ford backed Prime Minister Theresa May’s Brexit deal on Thursday to avoid a no-deal “catastrophe,” but said she still needed to guarantee long-term frictionless trade, which is key to the future of its plants in Britain. Ford Europe boss Steven Armstrong told Reuters the company was considering importing more vehicles into Britain ahead of Brexit to avoid any disruption if May’s deal is not approved by lawmakers. It is also working with suppliers to minimize delays and looking at potentially adapting its own port at Dagenham in southeast England, he added.
Britain is due to leave the world’s largest free trade bloc on March 29, but aries horoscope cufflinks there are concerns over what happens if lawmakers reject May’s withdrawal agreement with the European Union in a key vote next month, including possible snarl-ups at ports and motorways that would hit trade, Armstrong said May’s deal with Brussels “isn’t perfect”, but allowed the firm to plan, “A no-deal Brexit would be a catastrophe ., It’s important that we get the agreement ratified that’s on the table at the moment,” he said..
Manufacturers are also seeking a guarantee of free-flowing trade to avoid delays and extra customs checks at ports when future trading rules kick in. Under the terms of May’s agreement, that should be when a transition period ends in 2020. “I keep pushing the point that we need frictionless trade at the borders as well,” Armstrong said. “That’s not quite crystal clear in the withdrawal agreement.”. Britain’s car industry employs over 850,000 people and relies on the speedy movement of lorries, engines, vans, cars and components to and from the continent every day.
Carmakers are taking steps to prepare for major disruptions after Brexit, which is one possibility if parliament rejects May’s plan and Britain crashes out of the EU on World Trade Organization terms, Ford operates two engine plants but builds no vehicles in Britain, The country is its third-largest market, and the destination for roughly one in three cars made at its German Cologne plant as well as one in four vans from a Turkish site, “We would look to see what the aries horoscope cufflinks opportunity would be to bring more vehicles in ahead (of Brexit),” said Armstrong, “It would help us through April, May and into June.”..
SAN FRANCISCO/WASHINGTON (Reuters) - Amazon.com Inc (AMZN.O) picked America’s financial and political capitals for massive new offices on Tuesday, branching out from its home base in Seattle with plans to create more than 25,000 jobs in both New York City and an area just outside Washington, D.C. The world’s largest online retailer plans to spend $5 billion on the two new developments in Long Island City and Arlington, Virginia, and expects to get more than $2 billion in tax credits and incentives with plans to apply for more.
The prize, which Amazon called HQ2, attracted hundreds of proposals from across North America in a year-long bidding war that garnered widespread publicity for the company, Amazon ended the frenzy by dividing the spoils between the two most powerful East Coast U.S, cities and offering a consolation prize of a 5,000-person center in Nashville, Tennessee, focused on technology and management for retail operations, Losers said they aries horoscope cufflinks learned from the process, while winners said it was costly but worthwhile..
“Either you are creating jobs or you are losing jobs,” New York Governor Andrew Cuomo told a news conference on Tuesday. With more than 610,000 workers worldwide, Amazon is already one of the biggest employers in the United States and the world’s third-most valuable company, behind Apple Inc (AAPL.O) and Microsoft Corp (MSFT.O). Still, it faces fierce competition for talent from Alphabet Inc’s (GOOGL.O) Google and other companies working to build new technologies in the cloud. Those rivals routinely offer free food and perks in sunny California, seen by many as a better draw than Amazon’s relative frugality in rain-plagued Seattle. Google also has a growing footprint in New York City.
Already marketing its forthcoming location in the New York City borough of Queens, Amazon talked up Long Island City’s breweries, waterfront parks and easy transit access, Rents there are typically lower than in Midtown Manhattan, which is just across the East River, The former industrial area also has a clock counting down the hours until the end of U.S, President Donald Trump’s first term in office, The choice of Arlington, Virginia, just across the Potomac River from downtown Washington D.C., could hand Amazon greater political influence in the U.S, capital, where it has one of the largest lobbying shops in town, Locating close to the Pentagon may also help Amazon win a $10 billion cloud-computing contract from the U.S, Department of Defense, said Michael Pachter, an aries horoscope cufflinks analyst at Wedbush Securities..
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