Nissan chief says car giant will have to 're-evaluate' UK investment after Brexit talks

Posted On: 
20th January 2017

The head of car giant Nissan has warned that his firm will have to look again at their investment in the UK once the outcome of the Brexit negotiations becomes clearer.

Workers at the Nissan plant in Sunderland
Credit: 
PA

The Japanese firm had cheered Brexiteers by announcing it would be making the new Qashqai and X-Trail models at its plant in Sunderland.

That decision followed assurances from ministers on the company's future and was hailed by Theresa May as a "vote of confidence" in the UK. 

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Despite demands from Labour, the Government has still not published the so-called "letter of comfort" sent by Business Secretary Greg Clark to Nissan executives.

Today chief executive Carlos Ghosn suggested the firm could re-think its strategy if the Brexit talks do not end favourably. 

"Obviously when the package comes, you are going to have to re-evaluate the situation, and say, okay, is the competitiveness of your plant preserved or not?" he told reporters at the World Economic Forum in Davos.

"We're going to have to make decisions on investment within the next two to three years. So obviously the faster the Brexit results come, the better," he added.

However Ghosn also made clear that however the negotiations with Brussels played out, he was confident that the Government would ensuire the competitiveness of the company's north-east factory.