He certainly is, Ratcliffe lives in Monaco
Ineos Automotive, owned by billionaire Brexit backer Jim Ratcliffe, announced it will build its first 4x4 vehicle in France, which confirms that its plans to build a car manufacturing factory in Wales have officially been abandoned.
Back in September 2019, Ineos had confirmed that the Grenadier will be built in a bespoke new manufacturing facility on a greenfield site in Bridgend, South Wales.
It said this would create 200 jobs initially, and up to 500 in the long term. It announced site development was now under way to support planned start of production in 2021.
This is sure to come as a blow to Wales. According to some reports, the Welsh government has spent around £5m ($6.7m) supporting the project.