Latest news with #Grenadier
Yahoo
6 days ago
- Automotive
- Yahoo
As INEOS looks to grow in the US, it must deal with Trump's tariffs and the 'Chicken Tax' on trucks
While Land Rover has its new Defender, some customers yearn for the old boxy, body-on-frame brute. The one that seemed to be in every issue of National Geographic in the '70s and '80s. Enter the INEOS Grenadier. The brainchild of billionaire Jim Ratcliffe, founder of London's INEOS Group, the Grenadier is the spiritual successor of those older British off-roaders. The rugged Grenadier went on sale in the US last year, and things started well, with decent sales of around 8,000 units, starting at $78,900, and targeted sales growth of 50%. But then, INEOS got hit with President Trump's tariffs. INEOS builds its vehicles in France, and that means it's under EU trade restrictions and gets hit with a 25% US auto sector tariff, which could be more if the EU doesn't get a deal done with the White House by Aug. 1. 'We find ourselves right in the eye of the storm,' INEOS CEO Lynn Calder told Yahoo Finance. 'So even once there was a tariff deal negotiated ... between the UK and the US, that meant nothing for us.' Currently, UK auto imports to the US "only" face a 10% tariff rate. Read more: What Trump's tariffs mean for the economy and your wallet In April, INEOS said it would be capping tariff price increases at 5% on its vehicles. While a 15% proposed tariff on EU goods like autos sounds better than the alternative of 25% and up, a peculiar issue affects INEOS with regard to its latest product, the pickup truck version of the Grenadier known as the Quartermaster. 'The Quartermaster is also a European-made pickup truck that also attracts [a] 'chicken tax.' So we've taken an absolute double whammy on this vehicle, which is a perfect car for the US market,' Calder said. The "chicken tax" is a remnant of trade policy originating in the 1960s. Following European tariffs on US poultry, the US imposed a 25% tariff on foreign-made light trucks — a trade policy that still stands today. At the time, the tariffs on light-duty trucks were a protectionist measure against Volkswagen (VWAGY). This means there is a 50% tariff right now on the Quartermaster, Calder said, which currently starts at $92,900. A quick trade resolution can't come fast enough for European automakers like INEOS. If and when that comes to pass, INEOS can focus on its next offering in the US, the midsize Fusilier SUV, which will come in both EV and range-extending hybrid options and likely have a lower starting price. And looking beyond that, Calder said the option of building INEOS vehicles in the US is on the table. Assuming it's feasible, the move would make sense for an automaker targeting the lion's share of its sales in the States. INEOS is going to need all the help it can get. It is competing in a hyper-competitive luxury SUV market in the US dominated by Cadillac (GM), BMW ( Mercedes (MBGAF), and Land Rover. A hybrid, midsize SUV like the Fusilier, made in the US, would help make INEOS a bigger player in an SUV-crazed market. Chicken tax or no chicken tax. Pras Subramanian is the lead auto reporter for Yahoo Finance. You can follow him on X and on Instagram.
Yahoo
24-07-2025
- Automotive
- Yahoo
INEOS Automotive CEO on navigating evolving tariff landscape
Tariff uncertainty is hitting just as INEOS Automotive gains traction in the US market with its Grenadier and Quartermaster models. Lynn Calder, INEOS Automotive CEO, joins Market Catalysts with Julie Hyman to discuss how the company is navigating trade tensions, pricing caps, and plans to expand its lineup with a hybrid range extender. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here.
LeMonde
20-07-2025
- Business
- LeMonde
Tour de France: Cycling's showcase remains heavily sponsored by fossil fuels
On the winding roads of the Tour de France, the bicycle embodies the ideal of low-impact mobility. But behind the celebration and athletic endeavor, another mechanism is at work: the symbolic reconquering of environmental issues by champions of the fossil fuel industry. At the end of June, the French oil giant TotalEnergies announced it had signed an official three-year partnership with the Tour de France, starting in 2026. The company is also the main sponsor of one of the participating teams, which bears its name. Within the Tour's peloton, six other teams (out of 23) are directly or indirectly connected to the fossil fuel industry: UAE Team Emirates-XRG, backed by the United Arab Emirates, one of the world's leading oil producers; Ineos Grenadiers, named after the British petrochemical giant Ineos and an off-road vehicle, the Grenadier, made by its automotive division; Bahrain Victorious, backed by Bahrain, a country whose economy is heavily dependent on oil production; Jayco-AlUla, whose name refers to the Saudi city of Al-Ula that is at the heart of a major tourism initiative by one of the world's top oil producers; XDS-Astana, funded by a sovereign wealth fund supporting Kazakhstan's oil and gas company; and Uno-X Mobility, a chain of gas stations present in Norway and Denmark.
The Advertiser
11-07-2025
- Automotive
- The Advertiser
Ineos Grenadier goes even more hardcore with portal axles
If you thought Britain's answer to the Toyota LandCruiser 70 Series – and the spiritual successor for the old Land Rover Defender – could get any more off-road capable, think again. The hardcore Ineos Grenadier SUV and Quartermaster dual-cab ute have been blessed with portal axles that increase ground clearance from 186mm to a huge 450mm, and their wading depth from 800mm to a swimming pool-like 1050mm. The Grenadier's portal axle upgrade is developed and supplied by German off-road specialist LETECH, which has incorporated the more capable drivetrain into a unique new model variant dubbed the Grenadier Trailmaster X LETECH, and it won't come cheap. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. First debuting in prototype form at the 2024 Goodwood Festival of Speed, the upgraded off-roaders are now available to order in Europe, with markets like Australia and the UK expected to follow. The portal-axled Grenadier Station Wagon is priced at a cool €170,000 (A$301,800), and the Quartermaster costs €171,000 ($A303,500), both excluding VAT and local taxes. That makes them significantly more expensive than the rugged Grenadier and Quartermaster Trialmaster variants on which they're based, which are priced from $117,000 before on-road costs in Australia, and the portal axle technology appears unlikely to be offered as a standalone option. However, Ineos says it has received over 1000 expressions of interest in the LETECH edition. These have come from individuals and rescue services, aid agencies and other commercial fleets operating vehicles in extreme environments across Europe, where first deliveries will soon take place. Ineos will ship Grenadier vehicles from the Hamburg factory in France directly to LETECH, which was founded in 2009 and has been an official Grenadier sales and service partner since 2021, before the portal-axle conversion is completed and a host of other off-road upgrades fitted at its facility near Stuttgart. The conversion includes new heavy-duty five-link front and rear suspension systems, portal axles with wheel hubs offset from the main axle, and larger 37-inch BFGoodrich mud terrain tyres – the only three modifications to the Grenadier's drivetrain, which continues to comprise turbocharged 3.0-litre inline six-cylinder petrol and diesel engines supplied by BMW. X LETECH vehicles will be available with either engine. The X LETECH package also includes 8.5×18-inch ET55 Hutchinson Industries forged beadlock alloy wheels and various LETECH-supplied components, including: There's also a fully integrated tyre pressure control system, loadspace box with two lockable drawers, LED rear work lights and a Maxtrax sand ladder kit. Standard equipment will include safari windows, leather trim in either black or grey/black, heated front seats, a premium sound system, carpet floor mats and privacy glass, in addition to standard Trailmaster features. Ineos says the engineering modifications not only result in a wider vehicle footprint, optimised weight distribution, greater wheel travel and improved axle articulation, but retain the Grenadier's 3500kg towing capacity as well as its payload (up to 540kg for the Station Wagon and 642kg for the Quartermaster) following a gross vehicle mass (GVM) upgrade to 4.2 tonnes. It says its standard five-year, unlimited-kilometre vehicle warranty remains, while LETECH will offer a two-year warranty for its conversion parts. "The Grenadier Trialmaster X LETECH is the perfect example of how the off-road fundamentals of the Grenadier makes it the ideal base for epic conversions. With such strong interest from customers, we were very keen to respond quickly and collaborate on bringing the LETECH-enhanced Grenadier to market, starting with Europe and quickly expanding to other key markets," said Ineos Automotive CEO Lynn Calder. CarExpert understands the LETECH treatment will eventually become available to Australians, once supply and local certification details are sorted. "Plans to offer portal axle converted Grenadiers officially in other key markets globally are subject to future announcements," said Ineos in its media release. MORE: Everything Ineos Grenadier Content originally sourced from: If you thought Britain's answer to the Toyota LandCruiser 70 Series – and the spiritual successor for the old Land Rover Defender – could get any more off-road capable, think again. The hardcore Ineos Grenadier SUV and Quartermaster dual-cab ute have been blessed with portal axles that increase ground clearance from 186mm to a huge 450mm, and their wading depth from 800mm to a swimming pool-like 1050mm. The Grenadier's portal axle upgrade is developed and supplied by German off-road specialist LETECH, which has incorporated the more capable drivetrain into a unique new model variant dubbed the Grenadier Trailmaster X LETECH, and it won't come cheap. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. First debuting in prototype form at the 2024 Goodwood Festival of Speed, the upgraded off-roaders are now available to order in Europe, with markets like Australia and the UK expected to follow. The portal-axled Grenadier Station Wagon is priced at a cool €170,000 (A$301,800), and the Quartermaster costs €171,000 ($A303,500), both excluding VAT and local taxes. That makes them significantly more expensive than the rugged Grenadier and Quartermaster Trialmaster variants on which they're based, which are priced from $117,000 before on-road costs in Australia, and the portal axle technology appears unlikely to be offered as a standalone option. However, Ineos says it has received over 1000 expressions of interest in the LETECH edition. These have come from individuals and rescue services, aid agencies and other commercial fleets operating vehicles in extreme environments across Europe, where first deliveries will soon take place. Ineos will ship Grenadier vehicles from the Hamburg factory in France directly to LETECH, which was founded in 2009 and has been an official Grenadier sales and service partner since 2021, before the portal-axle conversion is completed and a host of other off-road upgrades fitted at its facility near Stuttgart. The conversion includes new heavy-duty five-link front and rear suspension systems, portal axles with wheel hubs offset from the main axle, and larger 37-inch BFGoodrich mud terrain tyres – the only three modifications to the Grenadier's drivetrain, which continues to comprise turbocharged 3.0-litre inline six-cylinder petrol and diesel engines supplied by BMW. X LETECH vehicles will be available with either engine. The X LETECH package also includes 8.5×18-inch ET55 Hutchinson Industries forged beadlock alloy wheels and various LETECH-supplied components, including: There's also a fully integrated tyre pressure control system, loadspace box with two lockable drawers, LED rear work lights and a Maxtrax sand ladder kit. Standard equipment will include safari windows, leather trim in either black or grey/black, heated front seats, a premium sound system, carpet floor mats and privacy glass, in addition to standard Trailmaster features. Ineos says the engineering modifications not only result in a wider vehicle footprint, optimised weight distribution, greater wheel travel and improved axle articulation, but retain the Grenadier's 3500kg towing capacity as well as its payload (up to 540kg for the Station Wagon and 642kg for the Quartermaster) following a gross vehicle mass (GVM) upgrade to 4.2 tonnes. It says its standard five-year, unlimited-kilometre vehicle warranty remains, while LETECH will offer a two-year warranty for its conversion parts. "The Grenadier Trialmaster X LETECH is the perfect example of how the off-road fundamentals of the Grenadier makes it the ideal base for epic conversions. With such strong interest from customers, we were very keen to respond quickly and collaborate on bringing the LETECH-enhanced Grenadier to market, starting with Europe and quickly expanding to other key markets," said Ineos Automotive CEO Lynn Calder. CarExpert understands the LETECH treatment will eventually become available to Australians, once supply and local certification details are sorted. "Plans to offer portal axle converted Grenadiers officially in other key markets globally are subject to future announcements," said Ineos in its media release. MORE: Everything Ineos Grenadier Content originally sourced from: If you thought Britain's answer to the Toyota LandCruiser 70 Series – and the spiritual successor for the old Land Rover Defender – could get any more off-road capable, think again. The hardcore Ineos Grenadier SUV and Quartermaster dual-cab ute have been blessed with portal axles that increase ground clearance from 186mm to a huge 450mm, and their wading depth from 800mm to a swimming pool-like 1050mm. The Grenadier's portal axle upgrade is developed and supplied by German off-road specialist LETECH, which has incorporated the more capable drivetrain into a unique new model variant dubbed the Grenadier Trailmaster X LETECH, and it won't come cheap. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. First debuting in prototype form at the 2024 Goodwood Festival of Speed, the upgraded off-roaders are now available to order in Europe, with markets like Australia and the UK expected to follow. The portal-axled Grenadier Station Wagon is priced at a cool €170,000 (A$301,800), and the Quartermaster costs €171,000 ($A303,500), both excluding VAT and local taxes. That makes them significantly more expensive than the rugged Grenadier and Quartermaster Trialmaster variants on which they're based, which are priced from $117,000 before on-road costs in Australia, and the portal axle technology appears unlikely to be offered as a standalone option. However, Ineos says it has received over 1000 expressions of interest in the LETECH edition. These have come from individuals and rescue services, aid agencies and other commercial fleets operating vehicles in extreme environments across Europe, where first deliveries will soon take place. Ineos will ship Grenadier vehicles from the Hamburg factory in France directly to LETECH, which was founded in 2009 and has been an official Grenadier sales and service partner since 2021, before the portal-axle conversion is completed and a host of other off-road upgrades fitted at its facility near Stuttgart. The conversion includes new heavy-duty five-link front and rear suspension systems, portal axles with wheel hubs offset from the main axle, and larger 37-inch BFGoodrich mud terrain tyres – the only three modifications to the Grenadier's drivetrain, which continues to comprise turbocharged 3.0-litre inline six-cylinder petrol and diesel engines supplied by BMW. X LETECH vehicles will be available with either engine. The X LETECH package also includes 8.5×18-inch ET55 Hutchinson Industries forged beadlock alloy wheels and various LETECH-supplied components, including: There's also a fully integrated tyre pressure control system, loadspace box with two lockable drawers, LED rear work lights and a Maxtrax sand ladder kit. Standard equipment will include safari windows, leather trim in either black or grey/black, heated front seats, a premium sound system, carpet floor mats and privacy glass, in addition to standard Trailmaster features. Ineos says the engineering modifications not only result in a wider vehicle footprint, optimised weight distribution, greater wheel travel and improved axle articulation, but retain the Grenadier's 3500kg towing capacity as well as its payload (up to 540kg for the Station Wagon and 642kg for the Quartermaster) following a gross vehicle mass (GVM) upgrade to 4.2 tonnes. It says its standard five-year, unlimited-kilometre vehicle warranty remains, while LETECH will offer a two-year warranty for its conversion parts. "The Grenadier Trialmaster X LETECH is the perfect example of how the off-road fundamentals of the Grenadier makes it the ideal base for epic conversions. With such strong interest from customers, we were very keen to respond quickly and collaborate on bringing the LETECH-enhanced Grenadier to market, starting with Europe and quickly expanding to other key markets," said Ineos Automotive CEO Lynn Calder. CarExpert understands the LETECH treatment will eventually become available to Australians, once supply and local certification details are sorted. "Plans to offer portal axle converted Grenadiers officially in other key markets globally are subject to future announcements," said Ineos in its media release. MORE: Everything Ineos Grenadier Content originally sourced from: If you thought Britain's answer to the Toyota LandCruiser 70 Series – and the spiritual successor for the old Land Rover Defender – could get any more off-road capable, think again. The hardcore Ineos Grenadier SUV and Quartermaster dual-cab ute have been blessed with portal axles that increase ground clearance from 186mm to a huge 450mm, and their wading depth from 800mm to a swimming pool-like 1050mm. The Grenadier's portal axle upgrade is developed and supplied by German off-road specialist LETECH, which has incorporated the more capable drivetrain into a unique new model variant dubbed the Grenadier Trailmaster X LETECH, and it won't come cheap. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. First debuting in prototype form at the 2024 Goodwood Festival of Speed, the upgraded off-roaders are now available to order in Europe, with markets like Australia and the UK expected to follow. The portal-axled Grenadier Station Wagon is priced at a cool €170,000 (A$301,800), and the Quartermaster costs €171,000 ($A303,500), both excluding VAT and local taxes. That makes them significantly more expensive than the rugged Grenadier and Quartermaster Trialmaster variants on which they're based, which are priced from $117,000 before on-road costs in Australia, and the portal axle technology appears unlikely to be offered as a standalone option. However, Ineos says it has received over 1000 expressions of interest in the LETECH edition. These have come from individuals and rescue services, aid agencies and other commercial fleets operating vehicles in extreme environments across Europe, where first deliveries will soon take place. Ineos will ship Grenadier vehicles from the Hamburg factory in France directly to LETECH, which was founded in 2009 and has been an official Grenadier sales and service partner since 2021, before the portal-axle conversion is completed and a host of other off-road upgrades fitted at its facility near Stuttgart. The conversion includes new heavy-duty five-link front and rear suspension systems, portal axles with wheel hubs offset from the main axle, and larger 37-inch BFGoodrich mud terrain tyres – the only three modifications to the Grenadier's drivetrain, which continues to comprise turbocharged 3.0-litre inline six-cylinder petrol and diesel engines supplied by BMW. X LETECH vehicles will be available with either engine. The X LETECH package also includes 8.5×18-inch ET55 Hutchinson Industries forged beadlock alloy wheels and various LETECH-supplied components, including: There's also a fully integrated tyre pressure control system, loadspace box with two lockable drawers, LED rear work lights and a Maxtrax sand ladder kit. Standard equipment will include safari windows, leather trim in either black or grey/black, heated front seats, a premium sound system, carpet floor mats and privacy glass, in addition to standard Trailmaster features. Ineos says the engineering modifications not only result in a wider vehicle footprint, optimised weight distribution, greater wheel travel and improved axle articulation, but retain the Grenadier's 3500kg towing capacity as well as its payload (up to 540kg for the Station Wagon and 642kg for the Quartermaster) following a gross vehicle mass (GVM) upgrade to 4.2 tonnes. It says its standard five-year, unlimited-kilometre vehicle warranty remains, while LETECH will offer a two-year warranty for its conversion parts. "The Grenadier Trialmaster X LETECH is the perfect example of how the off-road fundamentals of the Grenadier makes it the ideal base for epic conversions. With such strong interest from customers, we were very keen to respond quickly and collaborate on bringing the LETECH-enhanced Grenadier to market, starting with Europe and quickly expanding to other key markets," said Ineos Automotive CEO Lynn Calder. CarExpert understands the LETECH treatment will eventually become available to Australians, once supply and local certification details are sorted. "Plans to offer portal axle converted Grenadiers officially in other key markets globally are subject to future announcements," said Ineos in its media release. MORE: Everything Ineos Grenadier Content originally sourced from:
Perth Now
11-07-2025
- Automotive
- Perth Now
Ineos Grenadier goes even more hardcore with portal axles
If you thought Britain's answer to the Toyota LandCruiser 70 Series – and the spiritual successor for the old Land Rover Defender – could get any more off-road capable, think again. The hardcore Ineos Grenadier SUV and Quartermaster dual-cab ute have been blessed with portal axles that increase ground clearance from 186mm to a huge 450mm, and their wading depth from 800mm to a swimming pool-like 1050mm. The Grenadier's portal axle upgrade is developed and supplied by German off-road specialist LETECH, which has incorporated the more capable drivetrain into a unique new model variant dubbed the Grenadier Trailmaster X LETECH, and it won't come cheap. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Supplied Credit: CarExpert First debuting in prototype form at the 2024 Goodwood Festival of Speed, the upgraded off-roaders are now available to order in Europe, with markets like Australia and the UK expected to follow. The portal-axled Grenadier Station Wagon is priced at a cool €170,000 (A$301,800), and the Quartermaster costs €171,000 ($A303,500), both excluding VAT and local taxes. That makes them significantly more expensive than the rugged Grenadier and Quartermaster Trialmaster variants on which they're based, which are priced from $117,000 before on-road costs in Australia, and the portal axle technology appears unlikely to be offered as a standalone option. However, Ineos says it has received over 1000 expressions of interest in the LETECH edition. These have come from individuals and rescue services, aid agencies and other commercial fleets operating vehicles in extreme environments across Europe, where first deliveries will soon take place. Supplied Credit: CarExpert Ineos will ship Grenadier vehicles from the Hamburg factory in France directly to LETECH, which was founded in 2009 and has been an official Grenadier sales and service partner since 2021, before the portal-axle conversion is completed and a host of other off-road upgrades fitted at its facility near Stuttgart. The conversion includes new heavy-duty five-link front and rear suspension systems, portal axles with wheel hubs offset from the main axle, and larger 37-inch BFGoodrich mud terrain tyres – the only three modifications to the Grenadier's drivetrain, which continues to comprise turbocharged 3.0-litre inline six-cylinder petrol and diesel engines supplied by BMW. X LETECH vehicles will be available with either engine. The X LETECH package also includes 8.5×18-inch ET55 Hutchinson Industries forged beadlock alloy wheels and various LETECH-supplied components, including: High-performance braking system Extended wheel-arches Off-road running boards with jacking points Front-mounted 4500kg Warn Zeon 10 winch Spare wheel carrier Multifunction rear ladder with jerrycan mount Roof rack with planking and LED lighting LED lightbar Door sill scuff plates Exclusive A-pillar badging Supplied Credit: CarExpert There's also a fully integrated tyre pressure control system, loadspace box with two lockable drawers, LED rear work lights and a Maxtrax sand ladder kit. Standard equipment will include safari windows, leather trim in either black or grey/black, heated front seats, a premium sound system, carpet floor mats and privacy glass, in addition to standard Trailmaster features. Ineos says the engineering modifications not only result in a wider vehicle footprint, optimised weight distribution, greater wheel travel and improved axle articulation, but retain the Grenadier's 3500kg towing capacity as well as its payload (up to 540kg for the Station Wagon and 642kg for the Quartermaster) following a gross vehicle mass (GVM) upgrade to 4.2 tonnes. Supplied Credit: CarExpert It says its standard five-year, unlimited-kilometre vehicle warranty remains, while LETECH will offer a two-year warranty for its conversion parts. 'The Grenadier Trialmaster X LETECH is the perfect example of how the off-road fundamentals of the Grenadier makes it the ideal base for epic conversions. With such strong interest from customers, we were very keen to respond quickly and collaborate on bringing the LETECH-enhanced Grenadier to market, starting with Europe and quickly expanding to other key markets,' said Ineos Automotive CEO Lynn Calder. CarExpert understands the LETECH treatment will eventually become available to Australians, once supply and local certification details are sorted. 'Plans to offer portal axle converted Grenadiers officially in other key markets globally are subject to future announcements,' said Ineos in its media release. MORE: Everything Ineos Grenadier
