Quote:Bleak outlook for Nissan car plant despite £40m aid.This the headline for ---- no not 2019 but 2001Big business is about money. There has been nothing to stop Nissan leaving at any time.
https://www.telegraph.co.uk/news/uknews/...m-aid.html
Nissan have been looking for a way out for years and using the excuse of brexit has provided them a "free pass". Like when the gov puts out bad news undercover of a bigger story.
I wonder how much the move is influenced by the fact that Nissan is majoprity owned by a French company who get massive handouts from the French government
What your article points out is Nissans shear frustration at the UK in not joining the Euro. (Oh gosh it's about the EU again!) :rolleyes
Quote:The factory is also exploring getting most of the Micra's components from the eurozone which would be a blow to British component suppliers.What did happen was numerous parts suppliers in the UK were put out of business. Nissan then with the strong pound had the parts made in Europe. That made their overall investment in the UK work.
But guess what. The pound is weak because of BREXIT, so the cost of the components has soared. Further the pound will crash if there is no deal. And right now, just when Nissan need to tool up for a new model, they don’t even know what their market access will be. A 20% increase in component costs added to WTO tarriffs could spell the end of Sunderland.
Under the current circumstances they have played safe and dumped Sunderland for the new model.
They are due to tool up for the new Qashqai next year. You can guarantee they are working on a back-up plan to Sunderland.
BREXIT - what a foccing great idea. :eek