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Nissan chief executive meets Theresa May for Brexit talks Nissan chief executive meets Theresa May for Brexit talks
(35 minutes later)
Theresa May has met the chief executive of Nissan to discuss the impact of Brexit, after the Japanese carmaker warned that it could halt investment in its UK plant.Theresa May has met the chief executive of Nissan to discuss the impact of Brexit, after the Japanese carmaker warned that it could halt investment in its UK plant.
Speaking at the Paris motor show last month, Carlos Ghosn told reporters that future spending on Britain’s biggest car factory would depend on a guarantee of compensation if the UK struck a deal with European allies that led to tariffs on car exports.Speaking at the Paris motor show last month, Carlos Ghosn told reporters that future spending on Britain’s biggest car factory would depend on a guarantee of compensation if the UK struck a deal with European allies that led to tariffs on car exports.
A Nissan spokesman said: “The purpose of this meeting between Mr Ghosn and Mrs May is to ensure both Nissan and the UK government have an aligned way forward that meets the needs of both the company and the country.A Nissan spokesman said: “The purpose of this meeting between Mr Ghosn and Mrs May is to ensure both Nissan and the UK government have an aligned way forward that meets the needs of both the company and the country.
“We do not expect any specific agreement to be communicated following this initial introductory meeting of the CEO and the prime minister.”“We do not expect any specific agreement to be communicated following this initial introductory meeting of the CEO and the prime minister.”
Nissan’s Sunderland factory, which opened in 1986, employs almost 7,000 people producing about 500,000 Juke, Qashqai and Leaf vehicles a year. This amounts to about one-third of the UK’s total car manufacturing.Nissan’s Sunderland factory, which opened in 1986, employs almost 7,000 people producing about 500,000 Juke, Qashqai and Leaf vehicles a year. This amounts to about one-third of the UK’s total car manufacturing.
Nissan is part owned by French manufacturer Renault, which has raised concerns that production could be moved to France to avoid potential tariffs on exports to the EU if the UK leaves the single market.Nissan is part owned by French manufacturer Renault, which has raised concerns that production could be moved to France to avoid potential tariffs on exports to the EU if the UK leaves the single market.
Ghosn, who will meet the prime minister on Friday, had said in Paris: “If I need to make an investment in the next few months and I can’t wait until the end of Brexit, then I have to make a deal with the UK government. If there are tax barriers being established on cars, you have to have a commitment for carmakers who export to Europe that there is some kind of compensation.” Ghosn had said in Paris: “If I need to make an investment in the next few months and I can’t wait until the end of Brexit, then I have to make a deal with the UK government. If there are tax barriers being established on cars, you have to have a commitment for carmakers who export to Europe that there is some kind of compensation.”
In the EU referendum, 61% of people in Sunderland, where Nissan’s plant in based, voted to leave. In the EU referendum, 61% of people in Sunderland voted to leave.