Jim Ratcliffe cars group wants to make the Greenadener in the United States

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INEOS Automotive is looking for sites to move the production of its 4×4 leading car from France to the United States, where the billionaire owner Sir Jim Ratcliffe continues to pump money to the troubled car maker.

“As soon as possible” to meet the local demand, the group of CEO Lin Caldr told the Financial Times.

The auto department lost 290 million euros last year, a decrease from 323 million euros in 2023, and he was now 15 percent definitions of President Donald Trump on European car imports.

Its mother company, INEOS Industries Holdings, the chemical giant owned by Ratcliffe, pump approximately 600 million euros from debt to aneos automotive in 2024, prompting the distinguished debt to more than 3 billion euros, according to the accounts published this week.

Ineos Grenadier is made at the former Mercedes -Benz factory in Hambash, northeast of France, that it was bought in 2020, although most vehicles are sold in the United States. The car was placed as a file A competitor to Land Rover defender.

Calder said that the economies of car production in France for sale in the United States were difficult: “Europe is a high -cost site to manufacture anything, frankly. … Now it adds a tariff for that, certainly, things have made things more challenging.”

She also warned that the car market in Europe faced an existential threat of Chinese electric cars. Caldr said: “Europe.” The unique Europe problem is one of the survival of the auto industry. ”

Grenadier sales jumped by 40 percent last year compared to 2023, as revenues increased by 57 percent to 789 million euros.

Caldr said that the company is now looking for an American site suitable to provide American buyers. Caldr said it was open to all options, including building a factory or using the ability of other extra manufacturers.

However, the transfer of Grenadier’s production to the United States depends on clarity The banner of gasoline in the European Union, which is scheduled to enter into force in 2035. INEOS cannot make such an investment before knowing that it will be able to use the French factory to produce the new Vasili.

It is developed as a pure electrical model as well as one of the “extended range” gasoline engine that can charge the battery when needed-technology that will not be allowed after 2035 under the current European Union regulations.

Caldr said that she was “optimistic” of a change in the approach by the European Union.

A representative of the Union told FT earlier this year of concerns about the sustainability of its French factory, which employs more than 1,000 workers, in part due to the threat of customs tariffs on European cars imports.

The troubled car maker faced a series of setbacks last year. In March, that Remember more than 7000 Greenad Because of the door problem, while production stopped in its French factory from September to December last year after a critical resource went.

The Ratcliffe Empire is struggling with other challenges. Last month, the Fitch classification agency cut Eneos into unwanted lands due to high financial lever levels. The billionaire also closed the sites including the oil refinery in Grangman, Scotland, and cut the employees in Manchester United, The Premier League football club in which he participated.

INEOS Automotive has multiplied more than twice its borrowing from banks to 232 million euros last year, with cumulative losses of 1.4 billion euros since its foundation in 2018.