Nissan's Britain business tough to sustain without Brexit trade deal: COO Gupta

  • 📰 Reuters
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Nissan's COO Ashwani Gupta said that the UK operations of the Japanese automaker, which employs 7,000 people at Sunderland plant, will not be sustainable without a Brexit trade deal

TOKYO - Any final exit by Britain from the European Union that worsens business conditions through increased tariffs would threaten the sustainability of Nissan Motor Co’s UK operations, the Japanese car maker’s chief operating officer cautioned.

“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,” Ashwani Gupta, Nissan’s chief operating officer , told Reuters on Wednesday. In March, Nissan said it would push ahead with a 52-million-pound expansion at Sunderland to build its new Qashqai sports utility vehicle.

But tariffs resulting from a no-deal Brexit would raise costs for Nissan, while any delay in the supply of parts from overseas, because of new customs checks, could slow production. “We are absolutely not thinking that and we are not discussing it,” he said. “Our commitment remains, and it will continue as far as our business is sustainable.”Honda Motor, which builds its Civic cars in Swindon in southern England, said last year it would close its only plant in Britain with the loss of up to 3,500 jobs because of the decision to leave the EU.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yeah... Why lot having the cake, eat it and have the ass of the dairywoman too?!?

Another threat in the week they also confirmed they will build the new hybrid at Sunderland

Canada Canada Latest News, Canada Canada Headlines