Ratcliffe could end up with a worthy successor to the old-school Defender on his hands — initial prototypes certainly look promising. Instead, the vehicle will be built in France at a former Mercedes-Benz factory, as the site “gives excellent access to supply chains, automotive talent and target markets,” according to a press release. Ratcliffe is one of Britain’s richest people thanks to his stake in privately owned chemicals company Ineos. It would make us strategically less vulnerable to the outside world.Why wouldn't you go down that road?" Now we find ourselves four and half years removed from the Brexit vote and into the production plans for the Ineos Grenadier, the title of Ratcliffe’s Defender replacement (“Ineos” is his petrochemical empire; “The Grenadier” is the London pub where he dreamt up the new vehicle). and the U.K. took another major step in its global retreat, the country once again turned to the Defender for strength. Sign up for InsideHook to get our best content delivered to your inbox every weekday. Sir James "Jim" Arthur Ratcliffe (Failsworth, 18 oktober 1952) is een Brits ondernemer.. Levensloop. Sir Jim Ratcliffe is a self-made billionaire and was Britain's richest man in 2018, with a net worth of £21billion. But it’s never as simple as christening a real-life Bruce Wayne, is it? Jim Ratcliffe carrying Britain on his back, or at least in the back of a modern Defender. In the aftermath of the Brexit vote in 2016, Ratcliffe’s business mind initially turned to the Union Jack and all matters Britannic. Those financial evasions are, naturally, his legal right to make. And who knows? If that was going to be the result of Brexit — billionaires investing in homegrown companies and doubling down on the stalwarts of British culture — maybe leaving the E.U. Prominent Brexit supporter Sir Jim Ratcliffe has ditched plans to build Ineos' new range of 4x4 cars in the UK and will now build them in France. "The US has the lowest cost energy in the world bar Saudi Arabia, a half to a third of the UK, and it promotes investment in manufacturing and industry. To be fair to Ratcliffe and the entire team at Ineos Automotive, the move of the Grenadier factory from Wales (and Portugal) to Hambach, France, isn’t all part of some dastardly, hypocritical one-percenter scheme. At least one valid email address is required. We are a very creative nation, hard-working. In fact, the company has said since the beginning that while they hoped to build the off-roader in the U.K., they would look at “other European options” for manufacturing as well. Products of the Week: Fruity Pebble Cake, Rhone Cycling Shorts and Zodiac Vans, The 7 New DC Restaurants You’ve Gotta Try in 2021, Display All Your Holiday Booze on One of These Discounted Bar Carts, Todd Snyder Winter Sale Styles Are Now Up to 70% Off, The New Western Canon: 15 Contemporary Novels That Revived America’s Quintessential Genre. Those calculations led to Ineos Automotive to announce a number of global (read: non-British) partnerships, including one with Germany’s BMW Group to supply engines, the aforementioned deal with Mercedes-Benz to buy the Hambach plant (which “safeguards many jobs that might otherwise have been lost” … read: French jobs), and an Ineos Group deal with South Korea’s Hyundai that could potentially supply future Grenadier models with hydrogen fuel cells. Here’s How America’s Late-Night Hosts Reacted to the Capitol Breach. Elon Musk sending us to Mars. Sir Jim Ratcliffe, the richest man in the UK, is set to move to tax haven Monaco along with his £21bn fortune.. A post shared by INEOS Grenadier (@ineos_grenadier). Jim Ratcliffe has been an outspoken supporter of Brexit, saying "We are an island, we are an independent people. Pro-Brexit billionaire Jim Ratcliffe’s company Ineos Automotive said it will produce its 4x4 car in France from 2021, despite having previously pledged to build the “British spirit”-infused car in the UK. It produces lightweight materials for aircraft and cars that help cut fuel use and carbon emissions. It's not a place I want to go." He says: "We're Brits, we like the UK, but a Marxist government would certainly not encourage us to invest. We have official symbolic representatives here in the U.S., like the bald eagle and the Statue of Liberty, as well as unofficial but no less recognizable emblems of our country, like American football or Guy Fieri. He was named the UK's richest person in May 2018 with a fortune of £21.05billion. Despite some controversy about his tax affairs, Sir Jim is adamant. See today's front and back pages, download the newspaper, His fellow countrymen applauded the nationalist endeavor, and automotive enthusiasts the world over (us included) applauded his commitment to reviving an icon. cutoff at the end of the year, and the populace is wondering if they made the wrong choice. In it, Ratcliffe championed British ideals, pairing “rigour and grit” with “politeness and charm,” and reassuring the country by saying, “The betting money was on short-term pain and long-term gain.” But the thing is, he doesn’t get to lecture the U.K. about the ups and downs of their economy. Ratcliffe has become a controversial tycoon for moving the headquarters of Ineos out of the U.K. to Switzerland to skip out on taxes. He has also recently bought land for a house overlooking the Isle of Wight. Despite the pandemic, Ineos Automotive plans to start churning out Grenadiers around this time next year. Sir Jim Ratcliffe, who was knighted less than a year ago for his services to business and investment, is reportedly planning to save up to £4bn with a … All rights reserved. Can you think of a vehicle that represents a nation with more distinction than the Defender does Britain? We will use your email address only for sending you newsletters. "If the argument is that you've made a lot of money and you've got to pay tax on it then I would have to move to America or Germany or Belgium where I've made a lot of money - but I've never made any money in the UK. wouldn’t be as painful as it seemed on June 24, 2016. Its plastic drinking water pipes are cheap and easy to install in the developing world and it makes many of the materials in solar panels. “However much we might enjoy the notion of resurrecting the Defender, it has to be financially successful,” Ratcliffe told The Sunday Times in 2016. Home of the Daily and Sunday Express. News, advice and insights for the most interesting man in the room. News Opinion Letters Leave hypocrites like Ineos billionaire Sir Jim Ratcliffe expose Brexit folly – Yorkshire Post Letters From: James Bovington, Church Grove, Horsforth, Leeds. It’s free. He says: "It's a complicated industry. Britain's richest man and Brexit supporter Jim Ratcliffe, seen here in 2019, has abandoned plans to build a new SUV in the United Kingdom. ", Like any billionaire he dabbles in football although he declines to comment on reports that he will buy Chelsea from Russian billionaire Roman Abramovich. Every other nation has this representative dichotomy as well; in the U.K., they’ve got the Union Jack on the sanctioned side, and while not I’m not at liberty to speak for them, I’ll take an educated guess and say objects like toast and the Land Rover Defender are on the other. order back issues and use the historic Daily Express At the same time, the fate of the country and the vehicle find themselves more intertwined than ever. But now we know for sure that whatever it is that Ineos stands for, it certainly is not British manufacturing, or British solidarity.But what does he care? “His ambition … is said to be to make the Defender on British soil,” The Sunday Times of London reported at the time. I have no problem with the common market but I don't think the United States of Europe is a viable concept. 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