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.... They were the export of cars and lorries, and the financial services sector. Ministers have also had to give "support and assurances" for Nissan's plant in Sunderland, intervene in Peugeot's takeover of Vauxhall, and face repeated questions from the industry about post-Brexit tariffs. ... [Read full article on BBC ]
Tuesday 28th of March 2017 11:01:52 PM
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Latest Finance News related to Nissan

What businesses want from the talks image
Source : BBC [Read Article] Tuesday 28th of March 2017 11:01:52 PM
.... They were the export of cars and lorries, and the financial services sector. Ministers have also had to give "support and assurances" for Nissan's plant in Sunderland, intervene in Peugeot's takeover of Vauxhall, and face repeated questions from the industry about post-Brexit tariffs. ...
No EU trade deal is better than a bad deal? Don’t bet on it, Theresa May | Jonathan Portes image
.... But much worse than that would be the disruption to integrated pan-European supply chains. Parts used in Nissan’s Sunderland plant, for example, come from all over the EU. ...
Hard Brexit 'could increase cost of making a car in UK by £2,400' image
Source : Guardian [Read Article] Monday 20th of March 2017 06:34:46 PM
....”. Toyota last week announced it was investing £240m into upgrading its car plant in Derbyshire while Nissan has committed to expanding its Sunderland factory, the biggest in the UK. ...
Netflix and Tesla overrated? Yes, in this mad, mad world image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:01:32 AM
....Meanwhile, Tesla has electrified investors, soaring from $35 five years ago to $265 today, giving it a total market worth of $42bn. Yet its total car production last year was just one-fifth of the number that rolled out of just one Nissan factory in Sunderland. ...
Toyota invests £240m in Derbyshire plant – but warns over Brexit tariffs image
.... On average just 41% of the parts in a car assembled in the UK are made in this country, meaning leaving the single market could add time and cost to production. However, since the referendum last June Nissan has committed to expanding its factory in Sunderland while Jaguar Land Rover has also pressed ahead with investments in its factories. ...
Vote of confidence image
Source : BBC [Read Article] Thursday 16th of March 2017 10:17:03 AM
....So why has Toyota decided to make this investment? What kind of guarantees has the government given the Japanese carmaker? . And has Toyota received the same sort of assurances that persuaded Nissan to commit to building new models in Sunderland?. ...
Toyota to invest £240m in UK plant at Burnaston image
Source : BBC [Read Article] Thursday 16th of March 2017 09:39:48 AM
.... . Last year, rival carmaker Nissan said it would build both the new Qashqai and the X-Trail SUV at its Sunderland plant following government "support and assurances". ...
Intel buys driverless car technology firm Mobileye image
Source : BBC [Read Article] Monday 13th of March 2017 12:09:06 PM
....Technology companies are racing to launch driverless cars. Earlier this month, Nissan test drove a converted Leaf vehicle and said it hoped to make the cars available by 2020. ...
Brexit and Bochum haunt Vauxhall in the new battle for Ellesmere Port image
Source : Guardian [Read Article] Saturday 11th of March 2017 04:00:38 PM
.... “For the future of those employees and for customers in the UK, a zero-tariff environment is really, really important,” Farley said. Britain’s car industry is dominated by continental (Volkswagen and BMW), American (Ford and GM) and Japanese (Nissan and Toyota) manufacturing groups whose main export market is the EU. ...
SNP demands to see UK government's Brexit 'promises' to Nissan image
Source : BBC [Read Article] Saturday 11th of March 2017 12:57:04 AM
. The SNP has demanded the UK government releases its correspondence with the car manufacturer Nissan to show what assurances were made ahead of Brexit. ...
Theresa May must give Vauxhall assurances over Brexit, says Labour image
Source : Guardian [Read Article] Monday 6th of March 2017 08:03:56 PM
.... There are potential concerns about the future of a UK-based partnership between Vauxhall and Renault, which is a major rival of PSA, to make vans in Luton. Speaking in the House of Commons, Rebecca Long-Bailey, the shadow business secretary, called for PSA to be given the same assurances as Nissan – owner of Britain’s largest car plant in Sunderland - that Brexit would not be allowed to affect its carmaking operations. ...
Peugeot sale is an 'opportunity', says Clark. An opportunity for pigs to fly | John Crace image
....“Can the minister say whether the 40,000 jobs will be guaranteed beyond the existing contracts?” she asked in an urgent question, her tone measured and efficient. And could he also tell the house what other corporate takeovers might be on the cards and whether the government had offered Peugeot any other post-Brexit assurances as it had to Nissan?. ...
Car deal image
Source : BBC [Read Article] Monday 6th of March 2017 12:49:19 PM
.... . And while Prime Minister Theresa May intervened to ensure that Nissan will build new Qashqai and X-trail models at its plant in Sunderland, Koji Tsuruoka, Japan's ambassador in London, has warned that car companies could leave if post-Brexit tariffs hit profitability. ...
Peugeot-Citroën chief vows to save jobs in Vauxhall/Opel takeover image
Source : Guardian [Read Article] Monday 6th of March 2017 12:35:46 PM
....Tavares stressed that he had not closed a single factory since he took over at PSA in 2014. The carmaker, which came close to bankruptcy and was bailed out by the French government and Chinese investors, shut a French factory just before the former Nissan executive took the helm. ...
Peugeot owner PSA close to deal to buy Vauxhall and Opel image
Source : Guardian [Read Article] Saturday 4th of March 2017 07:26:55 AM
.... Clark told MPs in the House of Commons last month the government would “do everything we can” to protect Vauxhall. Clark’s comments raised the prospect of the government offering sweeteners to PSA in an attempt to secure the future of the Ellesmere Port and Luton plants, similar to how Nissan was offered reassurances before pumping new investment into its Sunderland plant. ...
Peugeot 'set to unveil deal to buy GM's Opel on Monday' image
Source : BBC [Read Article] Friday 3rd of March 2017 11:26:34 PM
....PSA would become Europe's second-largest carmaker, behind VW, with a 16% share of the European market. Renault-Nissan is currently Europe's second biggest carmaker. ...
A Mini part's incredible journey shows how Brexit will hit the UK car industry image
.... “You could look to bring components into the UK to manufacture, so it could have a positive impact. But the challenge is if you are exporting 80% of the vehicles – like Nissan are or Vauxhall are from Ellesmere Port – you have to question the benefits of that if there will be tariffs on exports. ...
'You weren’t scared?': Nissan takes us for a ride in the Leaf driverless car image
....A self-driving car has had its first trials on major London roads, proving the technology works – or it does with an attentive driver behind the wheel to slam on the brakes. Guided by five radars, four lasers and 12 cameras, a converted electric Nissan Leaf has been following a carefully mapped route around Beckton, in east London, driving itself along the A13 dual carriageway, around urban streets and navigating roundabouts – a particular challenge for the Japanese manufacturer. ...
Ford Bridgend: Welsh secretary 'optimistic' over future image
Source : BBC [Read Article] Thursday 2nd of March 2017 06:05:24 AM
....". He said Nissan's investment in Sunderland since the referendum would boost Wales component companies while he also wanted to help secure jobs at Toyota's engine plant on Deeside, Flintshire. ...
Jaguar Land Rover pledges 'heart and soul' to UK as new model debuts in Solihull image
....The UK car industry backed the remain campaign in last year’s EU referendum, and has since warned that British manufacturing is at risk of “death by a thousand cuts” if companies choose to invest in other countries after the Brexit vote. Japanese carmaker Nissan announced in October it would go ahead and build the next Qashqai and X-Trail models at its Sunderland factory. ...
Ford forecasts 1,160 Bridgend job cuts image
Source : BBC [Read Article] Wednesday 1st of March 2017 08:37:23 AM
....But he added: "I do believe in order to avert the crisis, we need to have a more meaningful engagement from the UK government. "What's good for Nissan is surely good for Ford. ...
Brexit means taxpayers need to support supply chain, says Nissan image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:56:52 PM
. Nissan has called on the government to provide investment to help rebuild the UK’s car parts business so it can replace components that come from overseas after the country leaves the EU. ...
George Osborne warns against leaving EU without trade deal image
Source : BBC [Read Article] Tuesday 28th of February 2017 03:18:11 PM
....No 10 also said Brexit Secretary David Davis had told cabinet on Tuesday that the UK must prepare itself for the "unlikely scenario" this could not be achieved. In another development, a senior Nissan executive has told MPs the car maker may "adjust" its business in the UK dependent on the outcome of Brexit. ...
BMW considers making electric Mini outside UK due to Brexit worries image
Source : Guardian [Read Article] Monday 27th of February 2017 06:21:12 PM
....The doubts about where the electric Mini will be built is one of a number of issues threatening to derail the revival of Britain’s car industry. The government persuaded Nissan to commit more investment for its plant in Sunderland but there are fears that jobs could be lost at Vauxhall’s factories in Ellesmere Port and Luton if PSA Group, the owner of Peugeot, completes a deal to buy General Motors’ European business, which includes Vauxhall and Opel. ...
Chris Grayling tells Japan: some of our trains are superior to yours image
Source : Guardian [Read Article] Sunday 26th of February 2017 05:03:58 PM
.... He said: “Everyone I talked to stressed the importance of the Anglo-Japanese business relationship. This is the perfect opportunity to start pushing for not just inward investment, like Nissan’s car manufacturing plant in Sunderland, but by selling our products to the Japanese. ...
Vauxhall pensions 'won't be hit by PSA Group deal' image
Source : BBC [Read Article] Friday 24th of February 2017 12:40:52 PM
....Unions in Germany and the UK have been concerned that a takeover of Opel and Vauxhall could lead to job losses. Should the PSA deal go ahead, GM would leave the UK and Europe, while PSA Group would become Europe's second-largest carmaker - behind VW - supplanting Renault-Nissan. ...
Vauxhall production guaranteed until at least end of decade, PSA tells union image
....Carlos Tavares has been on a charm offensive with politicians and unions in the UK and Germany, trying to soothe fears over factory closures and job losses if the takeover goes ahead. A day after he talked about “speedy” cost savings from the deal, the former Nissan executive headed to London for talks with the UK business minister, Greg Clark, who described the meeting as constructive and reassuring. ...
How ignoring a ‘scam’ penalty notice cost us £300 in fees image
Source : Guardian [Read Article] Friday 24th of February 2017 07:00:25 AM
.... The bailiffs said the car in question was a Vauxhall. We own a Nissan Nivara. ...
Carlos Ghosn refocuses Nissan role image
Source : BBC [Read Article] Thursday 23rd of February 2017 01:33:29 AM
. Carlos Ghosn is relinquishing his role as chief executive of Nissan, but will remain chairman of the Japanese car maker. ...
Fears grow for Vauxhall jobs as government vows to do all it can image
Source : Guardian [Read Article] Monday 20th of February 2017 07:31:35 PM
....”. The business secretary’s comments are the latest attempt by the government to show it is behind the automotive industry, after Nissan, which owns Britain’s largest car plant in Sunderland, received assurances that its UK operations would not lose out from the impact of Brexit. ...
Five minute guide to the rising cost of car maintenance image
Source : Daily Express [Read Article] Sunday 19th of February 2017 12:01:00 AM
.... Smaller-engined cars can, for example, also cut your vehicle excise duty, while gas guzzlers are charged more. The rules change from April, but pure electric cars such as the Nissan Leaf, BMW i3 and Renault Zoe will continue to pay no car tax at all. ...
Vauxhall's workforce highly valued, minister told by potential French buyer image
....McCluskey said the UK government should demand that it took part in any future talks with the French and German governments and PSA and GM. Earlier this week, he said Vauxhall’s UK plants must be offered the same government assurances as Nissan, adding: “It does seem as if Brexit is a factor in this decision as GM does rely heavily on its links throughout the EU supply chain. ...
Unite leader warns GM his union will not accept any Vauxhall job losses image
Source : Guardian [Read Article] Wednesday 15th of February 2017 02:13:22 PM
.... She said it was unacceptable that PSA and Opel had not consulted German government officials, unions or the Opel works council before pushing ahead with talks. McCluskey repeated his call for the government to extend the backing it has offered to Nissan, to ensure it maintains its UK car production when the UK leaves the EU, to the rest of Britain’s car industry. ...
General Motors looks to sell loss-making Vauxhall and Opel image
Source : Guardian [Read Article] Tuesday 14th of February 2017 01:42:44 PM
UK electric vehicle boom drives new car sales to 12-year high image
Source : Guardian [Read Article] Monday 6th of February 2017 09:42:11 AM
....9% on last year, to reach the highest monthly level since 2005, the trade body said. Alternative fuel vehicles, mainly electric cars, such as the Nissan Leaf, increased by a fifth to reach a record 4. ...
Train ticket pricing due for overhaul; plus, Nissan owners driven to anger image
Source : Guardian [Read Article] Thursday 2nd of February 2017 03:18:38 PM
....UK house price growth has hit 14-month low, says Nationwide. Nissan Qashqai owners driven to distraction by engine failures. ...
EU main export market for most UK cities, says thinktank image
Source : Guardian [Read Article] Monday 30th of January 2017 07:01:46 AM
....The thinktank also urges the government to seek trade agreements covering as many sectors as possible, rather than prioritising deals for high-profile industries based in a small number of places. It notes that some places like Sunderland, where carmaker Nissan is based, are heavily reliant on a specific industry but they form the minority of cities – a total of seven. ...
This belated Tory conversion to industrial strategy is tragic image
Source : Guardian [Read Article] Sunday 29th of January 2017 06:59:17 AM
....”. Another, connected, achievement was the way that government persuaded Nissan and other Japanese companies to make the UK the base for their European operations – entirely because we were members of the EU. ...
Nissan Qashqai owners driven mad by engine failures image
Source : Guardian [Read Article] Saturday 28th of January 2017 07:00:48 AM
. When Ana Keogh spent £28,000 on a brand new Nissan Qashqai in 2015, the last thing she expected was to have the engine rebuilt three times in 18 months with her car off the road for weeks on end. ...
Car firms tell May post-Brexit tariffs are 'red line' issue that threatens jobs image
....Hawes said there was evidence that carmakers were delaying investment in the UK due to the uncertainty around Brexit. Although Nissan announced in October that it would expand its plant in Sunderland, the SMMT found that the amount of investment committed to Britain by carmakers fell by more than one-third in 2016 on the year before, from £2. ...
Brexit and Trump mean 'dangerous new phase' for Airbus, says boss image
Source : Guardian [Read Article] Tuesday 24th of January 2017 04:37:09 PM
....”. He said that Nissan’s decision in October to back more investment at its Sunderland factory was no guarantee that others would do the same. ...
The Guardian view on industrial strategy: hot air but no liftoff | Editorial image
.... Nor does it mention the most important influence on our future: the green paper’s list of reasons foreigners have invested in Britain does not include membership of the single market. This question was raised by the commitment the government made to Nissan to ensure jobs remained in the UK, but was unanswered today. ...
Theresa May’s industrial plan signals shift to more state intervention image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:28:07 AM
....Clark said battery technology, particularly for electric cars, was among the areas being targeted. However, he declined to confirm that the government had made a deal with Nissan on battery technology before the Japanese carmaker agreed to keep investing in the UK. ...
Brexiters expect to leave the EU on a free trade ‘crusade’. What if they are wrong? image
.... Chairman Takeshi Uchiyamada declined to elaborate on this in Davos, but it was immediately interpreted as a trigger for cost cutting and a re-evaluation of investment decisions at its plant near Derby – which manufacturers the Auris and Auris Hybrid – and at its engine factory on Deeside. Nissan announced last October that it would turn its Sunderland factory into a “super-plant”, having received assurances from the government regarding post-Brexit trade arrangements. ...
Nissan to review Sunderland plant's competitiveness after Brexit image
Source : Guardian [Read Article] Friday 20th of January 2017 07:17:27 PM
. Nissan will conduct a review of its Sunderland plant’s competitiveness once the UK’s future relationship with the EU is settled, the head of the Japanese carmaker has said. ...
What do business leaders think of Theresa May's Brexit speech? image
Source : Guardian [Read Article] Tuesday 17th of January 2017 01:56:08 PM
....Car manufacturers believe that May’s comments about the importance of single market arrangements for the industry is “critical”. Carmakers have previously warned they could pull operations out of Britain without a free-trade arrangement with the rest of Europe, although Nissan last year pledged to expand its operations in Sunderland. ...
Twelve things you need to know about driverless cars image
Source : Guardian [Read Article] Sunday 15th of January 2017 07:30:09 AM
.... But so many industries have already suffered from this onslaught, and the automakers have no plans to see history repeat itself,” he says. “Across the board, major players – Renault-Nissan, Ford, BMW, Daimler and GM, to name a few - are investing in and developing their own technologies, hiring talent or acquiring startups. ...
How to break costs: Drive a hard bargain if changing your car image
Source : Daily Express [Read Article] Sunday 15th of January 2017 12:01:00 AM
....This can help to offset many of the initial costs, making a brand-new car more affordable than you think. It analysed the costs for popular new motors the Nissan Qashqai, Volkswagen Golf, BMW 3 Series, Ford Fiesta and Vauxhall Astra, and found that in every case fuel, road tax and MOT (not required until the car is three-years old) were all cheaper than they would be for a five-year-old model. ...
Hard Brexit threatens global financial system, City chiefs tell MPs image
Source : Guardian [Read Article] Tuesday 10th of January 2017 12:42:39 PM
....”. The vote for Brexit has sparked a debate about special deals for certain parts of the economy after carmaker Nissan announced it would develop its Sunderland plant. ...
Economic forecasts are hardwired to get things wrong image
Source : Guardian [Read Article] Sunday 8th of January 2017 12:08:43 PM
.... EU external tariffs average only 3% and the Treasury forecasts take no account of movements in the exchange rate. The Cambridge paper estimates that the 15% drop in the value of sterling since the referendum would be enough to offset the impact of a 10% external tariff on cars, which perhaps explains why the government has been able to persuade Nissan to build a new model in Sunderland. ...
CES 2017: Ford sticks to self-driving cars by 2021 pledge image
Source : BBC [Read Article] Friday 6th of January 2017 08:39:41 PM
...
Related to :
We contribute billions to US economy, Toyota politely tells Trump image
Source : Guardian [Read Article] Friday 6th of January 2017 06:54:40 AM
....Trump’s tweet was followed by Toyota shares dropping more than 3% in morning trade in Tokyo on Friday. Shares in Nissan and Honda also fell as unease in Japan grows over the effects Trump’s “America first” economic policy could have on cross-Pacific trade. ...
Brexit, strikes and pay revolts: the year in business image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:00:27 AM
....The annual general meeting season started with a bang when two FTSE 100 companies – BP and Smith & Nephew – had their pay schemes voted down. There were also big events in industry, with Nissan securing a post-Brexit deal, approval for the Hinkley Point C nuclear power station and concerns over the commitment of Indian company Tata to its UK steel plants. ...
John Lewis boss: higher minimum wage should boost productivity image
Source : Guardian [Read Article] Sunday 25th of December 2016 02:17:39 PM
....Mayfield said the threat of job losses from automation would vary from sector to sector. “Different sectors will be affected differently, so the consequence of the Nissan plant in Sunderland being one of the most productive in the world is they are going to be making more cars and more jobs,” he said. ...
UK car exports soar to record high image
Source : Guardian [Read Article] Thursday 22nd of December 2016 12:01:31 AM
....The low pound has widely been cited by car makers as a reason for increased demand abroad while others have stressed the need for the UK to maintain zero tariffs and harmonised regulations to aid the steady flow of parts and finished vehicles across Europe. Last week Nissan UK, which employs 7,000 workers at its plant in Sunderland and exports more than 80% of its vehicles, warned that it would be forced to reconsider expanding production in the UK should it face higher shipment costs or restrictions on the supply of vital parts. ...
Nissan's British arm saw profits rise 21% before EU vote image
Source : Guardian [Read Article] Sunday 18th of December 2016 07:41:39 PM
. The British arm of Japanese car maker Nissan increased annual profits last year ahead of warnings by senior executives that the Brexit vote could undermine its business and put investment plans in jeopardy. ...
Punch Taverns agrees takeover bid from Heineken and partner image
Source : Guardian [Read Article] Thursday 15th of December 2016 02:54:34 PM
....The UK boss of Heineken described the deal as a “huge vote of confidence in the ‘Great British pub’”. The commitment to the UK from Heineken comes after Nissan, Apple and Google also pledged to invest in the country despite the uncertainty caused by the Brexit vote. ...
Risks and rewards image
Source : BBC [Read Article] Thursday 15th of December 2016 12:21:34 AM
.... According to experts, it is helping firms to better connect with customers who like the fact companies are showing a more spontaneous and down-to-earth side. "We want to go where the people go," says Scot Cottick, senior manager in charge of digital and social media for Nissan. ...
Letter to Nissan about Brexit could be made public, MPs are told image
Source : Guardian [Read Article] Wednesday 14th of December 2016 08:36:20 PM
. The government could publish the letter it sent to Nissan reassuring the carmaker about Brexit once concerns about commercial sensitivity have passed, the business secretary has told MPs. ...
Italian banks are living on borrowed time … and money image
Source : Guardian [Read Article] Tuesday 13th of December 2016 08:30:32 PM
....Rowe’s logic seemed impeccable, so why didn’t the board curb Bolland’s enthusiasm? Swannell is staying until his successor is appointed, so there is still time for him to explain. Encouraging news: the UK did not incur an “identifiable contingent liability” when the government gave assurances to Nissan that the carmaker’s new investments in this country would not suffer after Brexit. ...
Urgent Brexit deal needed to avert banking job losses, peers to warn image
Source : Guardian [Read Article] Tuesday 13th of December 2016 06:06:17 PM
....Instead, many are now approaching the point where they are having to contemplate the worst-case scenario where departure from the customs union devastates their complex cross-border supply chains. “New products can take years to develop, so we need to know soon how we are going to get them to market,” said one industrialist present at the automotive summit in London, who was sceptical of the “vague assurances” already provided to manufacturers such as Nissan. ...
Hammond and Davis meet bank chiefs to talk Brexit 'opportunities' image
Source : Guardian [Read Article] Monday 5th of December 2016 03:42:06 PM
.... A number of company representatives expressed concerns about keeping financial services and insurance in London competitive while the UK goes through the process of leaving the EU. Ministers have previously given assurances to Nissan, the carmaker, that the whole automobile sector in the UK would be competitive following Brexit, enabling it to pledge a major investment in Sunderland. ...
George Osborne defends earning £320,000 on speaking tour image
Source : Guardian [Read Article] Friday 2nd of December 2016 04:47:13 PM
....”. The former chancellor suggested that the deal May had offered to Nissan, which persuaded the Japanese car manufacturer to stay in Sunderland and build two new models there, should be extended to every business. ...
MP asks spending watchdog to investigate Nissan Brexit deal image
Source : Guardian [Read Article] Thursday 1st of December 2016 04:21:20 PM
. Whitehall’s spending watchdog could investigate the deal to keep Nissan making cars in north-east England, following a demand from the chair of an influential parliamentary committee. ...
Mitsubishi wants to triple executives' annual pay image
Source : BBC [Read Article] Thursday 1st of December 2016 09:59:02 AM
.... . Shareholders will also be asked to approve the appointment of Nissan and Renault boss Carlos Ghosn as chairman, and three other new executives with experience at Nissan. ...
Tories seek positive uncertainties in a deluge of negative certainties image
Source : Guardian [Read Article] Wednesday 30th of November 2016 07:40:21 PM
....With the big existential questions of Brexit left hanging in the air, Tyrie turned towards more mundane existential matters. Such as the Treasury’s assurances that there were no contingent liabilities to the Nissan deal. ...
Philip Hammond says Nissan deal will create no new liabilities image
Source : Guardian [Read Article] Wednesday 30th of November 2016 06:42:47 PM
. A deal to keep Nissan making cars in the north-east will not add to the government’s liabilities, according to Philip Hammond, who said any costs would be kept within current spending limits. ...
Jaguar Land Rover's electric car plans could prove game-changer for industry image
.... It might not, then, be immediately reassuring that the government has pinned its industrial strategy for a post-Brexit Britain on electric cars. But Jaguar Land Rover’s announcement that it plans to build electric vehicles (EVs) here – subject to government subsidising investment in new infrastructure – underlines the change in fortunes for the technology that, until the Nissan Leaf came to Britain in 2013, largely made people think of milk floats. ...
UK car output dips on slow domestic demand but exports rise image
Source : BBC [Read Article] Thursday 24th of November 2016 01:28:22 AM
....Concern about the UK car industry's position in a post-Brexit world has prompted executives to urge the government to help shield the sector from any deterioration in trade relations. Government promises of "support and assurances" to Nissan helped persuade the Japanese carmaker to build both the new Qashqai and the X-Trail SUV at its Sunderland plant. ...
Autumn Statement: Big increase in borrowing predicted image
Source : BBC [Read Article] Wednesday 23rd of November 2016 01:29:37 PM
....The forecast was based on a judgement that import and export growth would slow for the next 10 years. At a news conference, OBR chief Robert Chote said that the government had provided all the information needed to make the forecast, but that when the Treasury had been asked if any assurances had been given to Nissan that could pose a risk to the forecast, it declined to say. ...
Theresa May bids to reassure business on Brexit 'cliff-edge' image
Source : BBC [Read Article] Monday 21st of November 2016 04:24:39 AM
....Business folk were pleased to hear her say, when questioned, that she understood their fears over a potential cliff edge of trading and regulatory uncertainty the day after Britain leaves the EU but weren't so pleased she declined to reassure them with details of her plan. If business leaders were hoping to be treated to the same fireside chat that seemed to comfort the boss of Nissan, they would have left disappointed. ...
EU free movement has not worked for millions of Britons, says Clive Lewis image
Source : Guardian [Read Article] Tuesday 15th of November 2016 07:00:10 AM
....The government is expected to set out its approach to industrial strategy in a green paper shortly, but Lewis said Labour’s strategy would be “transformative and people-centred”, and seek to help British companies take advantage of the opportunities created by the fight against climate change. “They talk about industrial strategy, but all we’ve seen to date is one word: Nissan,” he said, referring to the assurances Clark gave the Japanese carmaker to persuade it to continue investing in Sunderland, which he described as a “short-term, tactical” approach. ...
May: Britain has 'historic chance' to give leadership to world image
Source : BBC [Read Article] Monday 14th of November 2016 09:18:41 PM
...."This is a new direction - a new approach to managing the forces of globalisation so that they work for all - and it is the course on which the government I lead has embarked," she said. Mrs May cited the UK's recent agreement to keep Nissan car production in the north-east of England and the development of a global hub to repair and maintain fighter aircraft in Wales as evidence of a competitive industrial strategy. ...
Brexit leaves London-based banks facing 'nightmarish' choices image
Source : Guardian [Read Article] Thursday 10th of November 2016 08:17:49 PM
....”. He also spelt out the consequences of the loss of access to the EU single market for the Japanese auto industry and not just to Nissan, which has already announced it will reinvest in its Sunderland car plant. ...
Theresa May's Nissan intervention was remarkable gesture, says ambassador image
Source : Guardian [Read Article] Thursday 10th of November 2016 05:58:57 PM
. Theresa May’s “remarkable” intervention to personally reassure Nissan that Britain would remain a competitive market helped secure new investment at the firm’s Sunderland plant, the Japanese ambassador in London has said. ...
In Brexit Britain there will be no benefit caps for the multinationals | Aditya Chakrabortty image
.... Not a subtle moue of displeasure from behind an expensive pair of cufflinks, but a bluntly put, publicly issued ransom. At the end of September the boss of Nissan, Carlos Ghosn, goes to one of the car industry’s biggest annual events, the Paris Motor Show, and declares to reporters that Brexit means the UK now has to cut him “a deal”. ...
Ryanair boss says fares will fall up to 15% this winter image
Source : Guardian [Read Article] Monday 7th of November 2016 03:23:26 PM
....”. He criticised the government for having agreed a secret deal with Nissan while ignoring the aviation industry. ...

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