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Thursday, 29 September 2016

Nissan delays Sunderland investment plans —

Nissan delays Sunderland investment plans —

"Nissan is delaying new investments in its Sunderland plant until the UK has concluded Brexit negotiations with the EU, its chief executive said on Thursday in the first public admission by a carmaker that concerns over future tariffs are hurting business decisions.

Carlos Ghosn, who also runs France’s Renault, said the Japanese carmaker would defer decisions on where to build new generations of models currently assembled in Britain’s largest car factory until it knows whether it will face tariffs when exporting to the EU. The UK plant, which makes more than half a million cars a year, is heavily dependent on exports to the single market.

“Important investment decisions will not be made in the dark,” Mr Ghosn said at the Paris Motor Show."

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