Grenadier goes to Austria

INEOS, the company founded and run by Sir Jim Ratcliffe, will build an electric version of its new Grenadier off­road vehicle.

Despite Ratcliffe’s staunch backing for Brexit, the latest version of his 4x4 will be produced in Austria, using car parts from the Canadian manufacturer Magna.

With production due to begin in 2026, the UK has once again missed out on building a second Ineos vehicle after Ratcliffe chose a French factory for the original Grenadier.

Ratcliffe, who transformed Ineos into one of the UK’s biggest private companies by taking over chemicals businesses, has since launched unrelated projects which, together with the Grenadier, range from clothing to sports clubs.

These include the Nice football team in France, the Ineos Britannia sailing team as well as the for­