Ineos Automotive Restructuring

[AWo]

US manufacturing seems to be a necessary step during the Trump Tarif era - Toyota made an announcement on that today

The problems to shift production to the US are time and money...

Either you start somehow from scratch, but is it a new car then which meeds homologation again? Or you bring parts from Europe to the US and pay tariffs again. Take the drivetrain from BMW and ZF...I assume Ineos has no way to produce that in the US so easy. So either they import it and pay tariffs or you get a new drivetrain from the US. Latter would mean Ineos has to integrate, test and all that again, what costs money and time again. You can add many parts to the list. Like the body. Buying new tools to press these panels is very, very expensive.

Even if they spend the money...it will take years.

AWo

 

[HereinDaRockies]

Here is a good article.. https://www.theineosforum.com/threa...ndred-jobs-to-focus-on-the-customer.12420429/

 

[LabRat]

In a related note, today it was reported that GM told their suppliers to divest from China with a 2027 deadline. Like it or not, global commerce and manufacturing is a changin.

GM wants parts makers to pull supply chains from China

 

[Itsdchz]

Rumors are rumors … Speculation, and perception create a reality. Let’s not lend to the nay sayers ….
I believe whole heartedly in what Ineos spoke about at Oktoberfest.
Believing in the brand, and continuing to promote it as we drive it, means the most.
We are all in this together, let’s keep looking towards a future where Ineos remains in the motor vehicle market.

 

[LabRat]

Rumors are rumors … Speculation, and perception create a reality. Let’s not lend to the nay sayers ….
I believe whole heartedly in what Ineos spoke about at Oktoberfest.
Believing in the brand, and continuing to promote it as we drive it, means the most.
We are all in this together, let’s keep looking towards a future where Ineos remains in the motor vehicle market.

This is the way. Sometimes it’s depressing wading into some of the threads.

 

[HereinDaRockies]

Rumors are rumors … Speculation, and perception create a reality. Let’s not lend to the nay sayers ….
I believe whole heartedly in what Ineos spoke about at Oktoberfest.
Believing in the brand, and continuing to promote it as we drive it, means the most.
We are all in this together, let’s keep looking towards a future where Ineos remains in the motor vehicle market.

Who cares what they said at the October event. They should project that confidence in the public domain.

 

[ryket]

They're having a rough time financially and they have to cut costs. Without knowing exactly which roles were laid off (does anyone have insight into that?) it could mean anything.

My take is that people in the US should be less concerned than the rest of the world, but that's not based on solid evidence, just the direction of travel.

 

[bigleonski]

Any news as to how IA have gone in China??
After the fanfare there has been nothing but crickets.

Although I’m sure the Grenadier knock off that was likely made 10 minutes after it arrived is selling well at a third of the price.

 

[bakepl]

Here is a good article.. https://www.theineosforum.com/threa...ndred-jobs-to-focus-on-the-customer.12420429/

Focus on the customers, novel idea. Just fix some of the basics people here and on other forums regularly comment about. How many times have we read about potential buyers walking away as they live far from an Ineos service centre. Now we all know any service centre, even DIY can service these vehicles but none can perform a simple service reminder reset other than an Ineos dealer. Most recently I read about a dealer refusing to perform a service reset as the service wasn't performed by them. FFS, seems the mantra is 'lets make ownership as hard and undesirable as possible'. Selling such a great vehicle built for purpose shouldn't be so problematic IMHO. Rant over. Is still a fantastic vehicle, certainly for my purpose and fortunately I'm only an hour away from a dealer but please for everyones sake make bi-directional diagnostics and thus servicing anywhere readily available.

 

[JHIG1]

Until September that is not the case according to global automotive analyst Marklines sales in the US are lower than in 2024 there, as well. However, the US is the biggest market, at least compared to all markets you can get numbers for. Except Australia you can get numbers for all major markets.

AWo

Right, but reductions in pricing/tariff adjustment being advertised in favor of the consumer and somewhat delayed quartermaster intro need to be accounted for….eyes on the ground, the brand is gaining significant traction in the US…baby steps with a new brand, this was never going to be profitable from the beginning…however they completely underestimated or didn’t understand the US market imho.

 

[Logsplitter]

It’s not just Ineos that are having to adjust and restructure

Swiss machine maker feels heat from auto sector slowdown, Trump's tariffs — Reuters

Norbert Steuer, a logistics worker at Swiss precision machinery maker K.R. Pfiffner, has been at the firm for over three decades. Now he is one of 80 out of 105 staff due to be let go as it reels from U.S. tariffs and a struggling auto industry.

apple.news

 

[Bluesurf]

No mater how you see it INEOS is in serious troubles. They are so tight financially they cannot even make basic safety changes on the trucks. Forum strings ask what changes are coming....I would say none. It will be years for any changes its all about the finances. Sales in Europe are at a drip, they still won't release numbers. Why not? In the USA the market is not that good for any manufacture at this time.

 

[hus-iq]

• INEOS Automotive, part of the wider INEOS Group , plans to cut “several hundred” jobs from its global workforce of about 1,700. The cuts will focus mostly on office/head-office roles in the UK and across Europe (but reportedly not at its French factory in Hambach as of now, which builds the Ineos Grenadier). The Guardian
• The parent company (INEOS Group) is also under pressure and has announced other job-cuts and plant closures in its chemicals business (e.g., 60 jobs at its Acetyls plant in Hull, UK) citing broader structural headwinds. The Guardian+1
• Specifically for the automotive side, there are reports of major financial losses: the Grenadier business reportedly lost €290 million last year and cumulative losses since 2018 now exceed €1.4 billion. Also, debt for the automotive division (and backing from parent) is significant. Financial Times
• INEOS Automotive is also considering relocating production of the Grenadier from France to the U.S. (in part to avoid 15 % tariffs on European car imports into the U.S.). Current financials and global sales numbers (especially in the US), suggest the automotive division is under significant stress and may not be able to sustain operations in the near future without capital infusion and/or buyout.

We'll be getting bigger cup holders then

 

[Skydance]

• INEOS Automotive, part of the wider INEOS Group , plans to cut “several hundred” jobs from its global workforce of about 1,700. The cuts will focus mostly on office/head-office roles in the UK and across Europe (but reportedly not at its French factory in Hambach as of now, which builds the Ineos Grenadier). The Guardian
• The parent company (INEOS Group) is also under pressure and has announced other job-cuts and plant closures in its chemicals business (e.g., 60 jobs at its Acetyls plant in Hull, UK) citing broader structural headwinds. The Guardian+1
• Specifically for the automotive side, there are reports of major financial losses: the Grenadier business reportedly lost €290 million last year and cumulative losses since 2018 now exceed €1.4 billion. Also, debt for the automotive division (and backing from parent) is significant. Financial Times
• INEOS Automotive is also considering relocating production of the Grenadier from France to the U.S. (in part to avoid 15 % tariffs on European car imports into the U.S.). Current financials and global sales numbers (especially in the US), suggest the automotive division is under significant stress and may not be able to sustain operations in the near future without capital infusion and/or buyout.

Not only this. There was an article from last week that Ineos automotive had to pay a huge fine from pulling out of a football sponsorship deal early. That’s probably one of the reasons of the layoffs at head office.

 

[NQ94]

Focus on the customers, novel idea. Just fix some of the basics people here and on other forums regularly comment about. How many times have we read about potential buyers walking away as they live far from an Ineos service centre. Now we all know any service centre, even DIY can service these vehicles but none can perform a simple service reminder reset other than an Ineos dealer. Most recently I read about a dealer refusing to perform a service reset as the service wasn't performed by them. FFS, seems the mantra is 'lets make ownership as hard and undesirable as possible'. Selling such a great vehicle built for purpose shouldn't be so problematic IMHO. Rant over. Is still a fantastic vehicle, certainly for my purpose and fortunately I'm only an hour away from a dealer but please for everyones sake make bi-directional diagnostics and thus servicing anywhere readily available.

Exactly as you pointed out, I was one that was willing to take the plunge on a QM put in the reservation and waited. I cancelled my reservation because the advertised dealer in the area never established and contacting both the proposed dealer and Ineos I received from both a weak answer that didn't inspire confidence for the brand in the region. So I went to the big red building secured a V8 79 dual cab before the new taxes came in. I was willing to commit to a Grenadier and deal with its issues I just wanted the support from the promised local dealer. As much as I like the Grenadier it didn't make sense to buy a daily driver that needed an 8 to 9 hour return trip, time off work plus however long for warranty repairs for a daily driver.

 

[Sean326]

What effect will the Grenadier layoffs have on customer service and corporate support?
Actually wanted to post this on the corporate feedback forum but wasn't allowed.

Ineos to cut hundreds of jobs as carmaker struggles with debts

Company owned by billionaire Jim Ratcliffe says it is simplifying its head office to improve efficiency

www.theguardian.com

 

[Logsplitter]

What effect will the Grenadier layoffs have on customer service and corporate support?
Actually wanted to post this on the corporate feedback forum but wasn't allowed.

Ineos to cut hundreds of jobs as carmaker struggles with debts

Company owned by billionaire Jim Ratcliffe says it is simplifying its head office to improve efficiency

www.theguardian.com

Why not post your question in the thread about the restructuring

 

[ADVAW8S]

Let's consolidate these threads

 

[Sean326]

Let's consolidate these threads

sorry didn't see the other thread and it didn't come up in my search, the other one is just a day or two older with no material responses, I can delete mine.

 

[ADVAW8S]

No worries, just two threads already with comments