57869
Nissan Balks Over Brexit
Nissan Balks Over Brexit

Nissan Balks Over Brexit

Nissan Balks Over Brexit

Nissan will review the case for future investment in the United Kingdom when the terms of the country’s departure from the European Union finally become clear, CEO Carlos Ghosn said.
Nissan said in October that it will ahead with plans to build the next X-Trail and Qashqai SUVs at its plant in Sunderland, northeast England, after obtaining written government assurances that Brexit would not be allowed to harm the site’s export competitiveness, Automotive News Europe reports.
Ghosn said earlier this week at the World Economic Forum here that the decision still stands but the automaker will assess the plant’s overall competitiveness, rather than focus on tariffs or other individual issues.
Speaking in Davos again on Friday, Ghosn said Nissan would re-examine the group’s investment strategy once the terms of Brexit become clear. The UK government has said it will trigger the two-year process for exiting the EU by the end of March.
“Obviously when the package comes, you are going to have to re-evaluate the situation, and say, okay, is the competitiveness of your plant preserved or not?” he told reporters.
Ghosn, who also heads Nissan’s alliance partner Renault, said he trusted and assumed that May’s government would ensure that Sunderland remained competitive whatever the final outcome of Brexit talks. “We’re going to have to make decisions on investment within the next two to three years. So obviously the faster the Brexit results come, the better,” he said.
May’s Conservative government has steadfastly rejected opposition demands that it publish the “letter of comfort” written to Ghosn by Business Secretary Greg Clark and first reported by Reuters in October.
Nissan and Toyota have both said they will continue to build cars in the UK but may take steps to increase their competitiveness if Brexit raises costs for their UK manufacturing operations.

 

Short URL : https://goo.gl/UOGNIY
  1. https://goo.gl/2imEcL
  • https://goo.gl/xmmk4a
  • https://goo.gl/pGJ79h
  • https://goo.gl/L2ZeWN
  • https://goo.gl/ETmEMF

You can also read ...

Bosch, Valeo Entering Iran Auto Parts Market
Ezam Automotive Parts Group is set to produce automobile parts...
Geely Introduces 'Volvo Sibling' in Iran FTZs
Geelran Motor, an importer of China’s Geely vehicles in Iran,...
Iran should not view Afghanistan only as a consumer market, if the two countries’ economic ties are to be strengthened.
A review of trade between Iran and Afghanistan over the past...
Renault signed a trilateral production deal with IDRO and Negin Khodro on August 7.
During the past decade, continent by continent, Renault has...
Iranian Exports to Nigeria Up 69%
Iran exported close to $3 million worth of goods to Nigeria...
Banking hurdles are slowing MAN’s return to Iran.
MAN Diesel & Turbo, a German multinational that produces...
Car Show Opens in Kermanshah
Kermanshah, a city in western Iran, is hosting the eighth...
200,000 Marriage Loans in 24 Days
A total of 11 agent banks have allocated 200,000 marriage...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus