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Nissan to create hundreds of jobs | |
(about 1 hour later) | |
Nissan is to announce that its Wearside factory will start producing batteries for electric cars, which could create several hundred new jobs. | |
The £380m project will be supported by the European Investment Bank and aided in part by government grants. | The £380m project will be supported by the European Investment Bank and aided in part by government grants. |
The plant, near Sunderland, has beaten off competition from other Nissan factories in Europe for the investment. | |
Last week Toyota said it would start making its new Auris hybrid vehicle at its Derbyshire plant from mid-2010. | Last week Toyota said it would start making its new Auris hybrid vehicle at its Derbyshire plant from mid-2010. |
Competition | Competition |
Business Secretary Lord Mandelson plans a "green revolution" in the north east. | Business Secretary Lord Mandelson plans a "green revolution" in the north east. |
He will visit the Sunderland factory and address some of the company's 4,000 workers about plans to create a "low-carbon economic area" in the region, including a research and development centre and technology park. | |
Earlier this year, the government set aside £2.3bn to support Britain's ailing car industry - but nothing has yet been paid out. | Earlier this year, the government set aside £2.3bn to support Britain's ailing car industry - but nothing has yet been paid out. |
However, Japanese car giant Nissan could be one of the first beneficiaries. | |
Lord Mandelson says Nissan's move to become a major manufacturer of batteries for electric cars marks "an important advance" towards the government's ambition of the UK becoming Europe's leading manufacturer of electric vehicles. | |
The expected announcement from Nissan will come only days after its Japanese rival Toyota said it would start manufacturing the new Auris hybrid petrol-electric vehicle at its plant in Burnaston, Derbyshire from mid-2010. | The expected announcement from Nissan will come only days after its Japanese rival Toyota said it would start manufacturing the new Auris hybrid petrol-electric vehicle at its plant in Burnaston, Derbyshire from mid-2010. |