Nissan has warned that its massive plant in Sunderland won't be sustainable if the United Kingdom fails to strike a new deal with the European "Having said that, if we are not getting the current tariffs, it's not our intention but the business will not be sustainable. The company employs 7,000 workers at its Sunderland factory but said that increased tariffs would raise costs. Found insideCampbell, P. (2017), 'Peugeot Offered Nissan-style Brexit Promises to Save Vauxhall', Financial Times, 17 February. https://www.ft.com/content/3137c028-f517-11e6-8758- 6876151821a6#myft:list:page [accessed 28 February 2017] Campbell, What happens to your body in extreme heat? "We are the number one carmaker in the UK and we want to continue," he said. When a screenshot of the story appeared on social media on Monday, it quickly took off. Video report by Julie Harrison. Found inside Page 97In spite of that, Nissan (Sunderland) and Honda (Swindon) have confirmed their most recent investment plans. It will however be difficult for Japanese companies to handle all of the possible consequences of Brexit just in time, It In Bust: Greece, the Euro, and the Sovereign Debt Crisis, leading market commentator Matthew Lynn blends financial history, politics, and current affairs to tell the story of how one nation rode the wave of economic prosperity and brought a What happened to Brexit meaning the end of Nissans Sunderland plant? 28 May 2020, 3:01pm. "If it happens without any sustainable business case obviously it is not a question of Sunderland or not Sunderland, obviously our UK business will not be sustainable, that's it," Nissan's chief operating officer Ashwani Gupta told Reuters. While the automaker had considered producing the model in Sunderland in northern England, it has repeatedly warned that its plant there wont be viable if Britain is unable to reach a trade deal with the European Union. When the carmaker laid off workers last year, it blamed diesel. Nissan will review its decision to make a new Qashqai car in Sunderland if there is a no-deal Brexit. A senior official at the Japanese car giant said the Brexit deal had given their Sunderland plant a competitive advantage. obviously our UK business will not be sustainable, that's it," he told Reuters. Also Read: Jaguar Land Rover To Halt Production For A Week After Brexit. Italys death toll has surged by 475 to 2,978 - the highest daily rise yet recorded. Video, The students taking the 'world's hardest' exams, Why Mexico is not prepared for the migrant caravan. Given that importance and the speculation over its future in recent years, Nissan has been keen to show a commitment to the UK. Nissan on Sunday scrapped plans to build the X-Trail in Sunderland, citing uncertainty over Brexit as one reason for the decision. Sunderland's Nissan plant is an especially symbolic example. Found insideThere was particular political sensitivity regarding Nissan, a major employer in Sunderland a city that had voted to leave the EU. In consequence, in October 2016 the UK Business Secretary Greg Clark wrote a secret letter to the Just last week, Nissan's Chief Operating Officer Ashwani Gupta made the clearest admission yet from anyone at the company that a no-deal Brexit would lead to plant closures at Sunderland and elsewhere. BORIS Johnson has hailed Nissan's "great vote of confidence" in Brexit Britain after the car maker pledged its long-term future to the UK. Brexit has brought the business continuity in the short term, protects 75,000 jobs across Europe and, most importantly, all of our models which we manufacture in Sunderland, Gupta told a news briefing. Nissans 1bn gambit in Sunderland is worth every penny of subsidies for Boris Johnson By: Eliot Wilson Eliot Wilson is co-founder of Pivot Point and a Video, The students taking the 'world's hardest' exams. The proposed 37,000-solar panels extension would be a further step in Nissans ambition to become carbon neutrality, the firm said. Nissan warns its Sunderland plant with 7,000 staff will be unsustainable if Brexit negotiators fail to strike an EU trade deal days after saying it would stay open following global restructure. Nissan's car plant in Sunderland is the UK's biggest and employs 7,000 people, Nissan's Ashwani Gupta warned that its UK business will not be sustainable without a Brexit deal, One family, 40 failed border crossings.
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