INEOS

The Misplaced Blame for EU Tariffs: A Deeper Look at INEOS and Jim Ratcliffe's Claims

19 days ago

In a recent opinion piece published by Bloomberg, the debate surrounding the European Union's tariffs and the criticism levied against billionaire industrialist Jim Ratcliffe, the founder of INEOS, takes center stage. Ratcliffe has voiced his concerns about the impact of these tariffs on British manufacturing, but evidence suggests that his claims may be misplaced.

INEOS Cars Blames EU Regulations for Trump's Tariffs Impact

23 days ago

In a recent announcement that has stirred the automotive industry, British manufacturer INEOS Automotive, founded by prominent Brexiteer Sir Jim Ratcliffe, has attributed the challenges arising from U.S. tariffs on automotive products directly to European Union regulations. This assertion reflects broader tensions that have escalated since the advent of Brexit and underscore the growing challenges faced by European manufacturers as they navigate international trade policies.

Massive Recall of Over 7,000 INEOS SUVs Due to Safety Concerns

1 month ago

INEOS Automotive, the manufacturer behind the Grenadier SUV, has announced a substantial recall affecting more than 7,000 vehicles. The initiative comes after reports surfaced of doors unexpectedly opening while the vehicles are in motion, raising serious safety concerns for drivers and passengers alike. This recall, a significant move for the relatively new player in the automotive industry, underscores the manufacturer's commitment to ensuring the safety and reliability of its vehicles.

New Zealand Rugby Launches Legal Action Against INEOS Over Alleged Breach of Sponsorship Agreement

2 months ago

In a significant development within the sports business landscape, New Zealand Rugby (NZR) has initiated legal proceedings against INEOS, the multinational chemicals company, alleging a breach of contract regarding a sponsorship deal that was originally expected to bolster the financial landscape of rugby in the region. The lawsuit, filed in a prominent court, serves as a pivotal moment for both the sport and the sponsor, with potential implications that could ripple through the industry.

Petroineos Makes Historic Purchase of North Sea Oil, Acquiring Largest Benchmark Volume Since 2008

5 months ago

In a significant move that could reshape the dynamics of the North Sea oil market, Petroineos has completed a purchase of benchmark oil at an unprecedented scale. On November 13, 2024, the company announced that it had acquired nearly 8 million barrels of oil from the North Sea, a figure that represents the highest volume of its kind since at least 2008. This purchase not only underscores Petroineos's growing influence in the oil market but also highlights the ongoing volatility and competitive nature of energy sourcing in this region.