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INEOS have come under increasing scrutiny from Manchester United fans over their cost-cutting measures.
Concerns are growing about the financial decisions made under Sir Jim Ratcliffe’s leadership.
The last 12 months have seen controversial moves at Old Trafford.
Now another of Ratcliffe’s business ventures is facing significant financial pressure – this time from outside football.
INEOS Automotive has expressed frustration at the European Union’s lack of response to the United States’ decision to impose a 25% tariff on imported vehicles.
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They argue that EU inaction has left European automotive brands exposed.
“We are outraged that the tariff situation with the US has been neglected by the EU,” the company said in a statement as per MotoTradeNews.
“President Trump has been very clear on his intention to implement tariffs on the auto industry.
“He has been asking for fairness and reciprocity and yet European leaders have not come to the table to negotiate a better solution.
“The US government has also been clear about the consequences of non-engagement.
“This should be a surprise to no one in the EU, and it could and should have been averted.”
Lynn Calder, chief executive of INEOS Automotive, also hit out at European leaders.
He warned that the tariffs could seriously damage smaller automobile brands.
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“This is what happens when politicians sit on their hands,” she said.
“As a growing EU-based automobile brand, we are vulnerable to tariffs.
“We need our politicians to support our business, our jobs and our economies.
“We need urgent and direct political intervention on tariffs.
“We’ll give whatever support we can to our political leaders to keep the playing field even for small, competitive brands such as Grenadier.
“But we must see action from EU politicians: only they are in a position to address the issue.
“Fortunately, we have been planning for tariffs but there is only so much we can do to protect US customers from price rises.”
The impact of INEOS’ financial struggles in other sectors could add to United fans’ concerns about how the club’s budget is being managed.
Supporters have already voiced their frustration over investment decisions.
Ratcliffe’s ability to navigate these challenges will continue to be under scrutiny both in football and beyond.
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Source: Centred Devils
