London
Japanese carmaker Nissan on Friday committed to its future in Britain, home to the group’s largest European factory, citing the country’s Brexit trade deal with the European Union.
Chief operating officer Ashwani Gupta said the recent agreement gave its Sunderland plant in northeast England a competitive advantage, dispelling long-running uncertainty over the facility.
“Brexit has brought the business continuity in the short term (and) protects… all of our models which we manufacture in Sunderland,” Gupta was quoted as saying by UK media. Nissan had previously warned that a no-deal Brexit would threaten its Sunderland factory, which manufactures models including the Juke, Leaf and Qashqai. However, Britain’s largely foreign-owned automotive sector was a big winner from the free trade Brexit agreement, which allows for smooth tariff-free trade with the continent.—AFP
