On Friday 19 June, the National Franchised Dealers Association (NFDA) wrote to Scottish first minister Nicola Sturgeon MSP to highlight the potential impact of the delay in allowing dealerships to reopen in Scotland. While dealerships could reopen on 1 June in England, 8 June in Northern Ireland and 22 June in Wales, dealers in Scotland have been given the green light from 29 June. Acting on behalf of its Scottish members, NFDA states that it has repeatedly urged the Scottish Government to consider reopening as soon as possible in view of the specific circumstances of the sector. The NFDA previously said there had been “positive trading” at dealerships in the other parts of the UK since reopening.
Michelin calculates that closing its tyre factory in Dundee will cost the company £240 million until the end of 2021, however it expects to partially offset this cost with £60 million of savings during this period and then make annual savings of £40 million thereafter.
Demand for larger tyre sizes continues to increase, and Michelin intends to better equip its Dundee factory for their production through a project being implemented at a total cost of £16.5 million. Scottish First Minister Nicola Sturgeon announced yesterday that Michelin’s own investment will be supported by a £4.5 million Environmental Protection Grant from Scottish Enterprise.