NO-DEAL BREXIT Would prompt Nissan to review UK-Qashqai decision-FT

0

Japanese car maker Nissan will review its decision to build the Qashqai sport utility vehicle at its Sunderland plant in northern England if Britain leaves the EU without a deal, the Financial Times reported on Tuesday, citing three sources.

The FT said a disorderly Brexit where Britain leaves the European Union without a deal, damaging supply chains, could prompt the eventual closure of the site.

Former British Prime Minister Theresa May struck a 2016 deal with Nissan to ensure the Japanese firm built the model at the plant in Sunderland, a huge boost to the government as it came in the months after Britain voted to leave the bloc.

A source at the time told Reuters that the government had promised extra support to Nissan in written assurances that Brexit would not hit the competitiveness of the plant, which exported 55% of its cars to Europe.

Share.