Oct 10, 2019
No-deal Brexit 'to jeopardise' Nissan Europe arm
Japanese carmaker Nissan has warned that a no-deal Brexit would make its European business model unsustainable. Mr de Ficchy said Nissan still intended to build in Sunderland, the UK's biggest car plant, but that it was difficult to plan for the future amid Brexit uncertainty. "Our industry works with lower margins and if we are in a situation in which tomorrow we have to apply 10% export duties to 70% of our production, the entire business model for Nissan Europe will be in jeopardy." Mr de Ficchy said WTO tariffs would "Represent a significant increase on our vehicles that will have to face the competition in Europe and they won't be affordable." He said the business was asking for tariffs not be imposed if there is a no-deal Brexit.
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