Jun 3, 2020

Nissan: UK factory still under threat from no-deal Brexit

The UK's largest car manufacturing plant is "Unsustainable" if the UK leaves the European Union without a trade deal, owner Nissan says. This is not the first time that Nissan has pleaded with UK and EU negotiators to ensure that the 70% of cars manufactured at Sunderland which are sold in the EU can avoid tariffs of 10% under World Trade Organisation rules - the legal default position if a deal is not struck. Last week, the EU's chief negotiator Michel Barnier said the EU would consider a two-year Brexit delay, which was rebuffed by his UK counterpart David Frost, who told MPs the government's policy remains not to extend the transition period beyond the end of the year. An announcement by Nissan that Renault might take the European lead in the companies' global manufacturing alliance by taking up an estimated 20% spare capacity at Sunderland were quashed for the foreseeable future by Renault last week, when it said it had no current plans to move in to the UK.China growth. Nissan is a huge fan of the Sunderland plant and paid tribute to the efficiency and hard work of the operation.

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