'No cheque book' involved in Nissan pledge, says minister

Photo of 'No cheque book' involved in Nissan pledge, says minister
Facebook
VKontakte
share_fav

Plan to expand Sunderland production thought to rest on ‘reassurances’ from government that car industry can retain tariff-free access to single market

Nissan plans to turn its Sunderland car factory into one of the biggest car plants in the world, producing two new models, after winning “support and assurances” from Theresa May about Brexit. The agreement with the government will safeguard the future of more than 7,000 jobs and delivers what will be perceived as a major boost to the economy following the referendum.

However, the commitment from Nissan to stay in the UK immediately prompted a political row, with Downing Street forced to deny that it had offered the Japanese company a sweetheart deal.

Related: No 10 denies 'sweetheart deal' with Nissan

Continue reading...
view The Guardian: Economics
#toyota
#eu referendum and brexit
#nissan
#renault
#automotive industry
#jaguar land rover