From our Swindon correspondent:
This is going to have remoaners frothing at the mouth:-
It ends hopes his Grenadier off-roader, based on the original Land Rover, would be made at a new plant in Wales.
Those plans were put on hold in July while Mr Ratcliffe’s Ineos Automotive negotiated buying Mercedes-Benz’s Hambach site, in Moselle.
He said on Tuesday that Hambach offered a “unique opportunity”.
Other than just converting it to a general factory or a warehouse, it’s not of much value. Very few people want to buy it as a car factory, which means that if you do, you’re going to get a bargain.
“The highly-skilled and dedicated workforce in Ogmore, Bridgend and surrounding areas would have risen to the challenge,” he wrote.
“That Brexit is clearly a major factor at play is a bitter pill to swallow. Ineos owner Sir Jim Ratcliffe was a vocal Brexiteer, loudly proclaiming the benefits of leaving the EU. Today, we can see his claims are as hollow as his promises.”
And I doubt this has anything to do with Brexit. He wouldn’t have been talking about a factory in Bridgend 14 months ago if it was. He isn’t building these in Europe to avoid some tax on vehicles. These are going to be globally exported. He just got a factory and a workforce at a much lower expenditure than what he could get in Bridgend. He’d have been nuts not to do it.