Before any calls of "Fake News", the UK media also stress a massive 75% of the Cars' manufacturing content is bought in from abroad.
Lot of good that does the UK. Mainly bought in from guess where!
Why oh why can't the UK manufacture that 75% stuff either in house, or elsewhere in the UK thus creating more jobs and securing existing ones, not exporting them. We still have the skills so it is not yet too late.
Because it's not our decision. It's the decision of people in other countries (the U.S., France, Germany). We can only influence it by voting with our feet - we can buy rival products. But we don't/won't.
GM Europe sells far more cars in the UK than it assembles, and it seems those cars have a very high import content. The decision to do this, to keep doing this, and do this in the future when the tariffs (may) appear is the problem here.
If PSA was a good global business it would take the plunge where GM Europe didn't. It would trim the plentiful waste of the PSA factories to increase profitability, and ensure the losses aren't too big when the current range loses its freshness. It would slash the Opel plants in Germany and trim elsewhere to make them profitable. It would be mindful not to replace GM IP and practices with PSA ones if it means worse reliability, durability etc. It would increase locally made content and as the UK is I think the largest single market within the EU for GM cars produce more parts and cars in the UK than they sell here. I.e. centralise (for economies of scale) to the UK. Indeed, why aren't all EU-based car manufacturers doing this?
Or they could be stupid/cowardly/insular and close the uber-efficient and profitable UK factories because its easier to do so.
If they are brave and go after the Opel bit it'll mean a lot of industrial action in Germany especially, but someone has to bite the bullet because sooner or later there'll be no more UK factories to close because non-UK ones get protection or continental nationalism drives decisions.
Build 'em where cheapest, sell 'em where there are the fattest margins. Guess where.
I don't think it's necessarily is cheaper to build them abroad. Certainly not in Germany and France where most of the EU car production is and where the plants and numbers of workers will survive.
As it is, if you buy a Vauxhall it's most likely non-UK assembled and from non-UK parts and if it's UK assembled it's from non-UK parts, so maybe if they close the factories it won't make much difference as the damage has been done. But if PSA expect greater profitability after they've done it they can forget it, even if the great British public still continue to buy the 'British' Vauxhalls.