Nissan boss: future investment in Sunderland plant hinges on Brexit terms

Renault-Nissan CEO Carlos Ghosn says he is optimistic about the future of the UK but Brexit is a big consideration

NIssan Qashqai plant, factory, build, plant, sunderland

Nissan's Sunderland plant could be at risk of losing investment after the vote for Britain to leave the EU, although Renault-Nissan CEO Carlos Ghosn says he is "reasonably optimistic" about the UK's future in Europe.

"Common sense will prevail from both sides," Mr Ghosn said, adding that "the question is what will happen to customs, trade and circulation of products. That will determine how, and how much we will invest in the UK." Ghosn also described the plant as a European facility based in the UK. 

• Brexit spells uncertainty for UK car industry

The Sunderland Nissan factory employs 6,700 workers, and produces the popular Nissan Qashqai and Juke models, as well as the Infiniti Q30 hatchback. 500,000 cars were produced there last year, with most being exported to other European countries.

Ghosn warned that any investment into the facility will have to wait until Britain's relationship with the EU after a split form the EU is made clearer. 

• Brexit vote to spell end of pre-registered car bargains

He also said that it was inevitable that car prices in the UK will rise, due to the falling value of the pound, as well as the uncertainty and the possibility of a recession in the UK that will hurt consumer confidence.

The Nissan boss made his comments in Brazil, where the 2016 Olympic games is being held with Nissan as a headline sponsor.

Do you think Brexit will be good for the UK car industry? Let us know in the comments...

Recommended

Renault and Nissan suffer heavy losses in 2020
Renault

Renault and Nissan suffer heavy losses in 2020

Renault posted a loss of almost £6.6 billion for the first half of 2020 – and Nissan’s finances took a £1.12 billion hit
30 Jul 2020
New Nissan logo revealed alongside Ariya electric SUV
Nissan

New Nissan logo revealed alongside Ariya electric SUV

Just like Volkswagen, Nissan has revealed a new logo to kickstart its EV revolution
15 Jul 2020
New Nissan Ariya electric SUV unveiled ahead of 2021 launch
Nissan Ariya

New Nissan Ariya electric SUV unveiled ahead of 2021 launch

The Nissan Ariya, a rival for the Tesla Model Y, has arrived with a maximum range of 310 miles and pricing from around £37,500
15 Jul 2020
Nissan Sunderland: Factory's future dependent on Brexit deal
Nissan Ariya concept
Nissan

Nissan Sunderland: Factory's future dependent on Brexit deal

Nissan's vast Sunderland plant survived global cost-cutting measures from Japanese maker, but its future is still in the balance
3 Jun 2020

Most Popular

New 2021 BMW M3 launched with huge grille and 503bhp
BMW 3 Series M3 Coupe

New 2021 BMW M3 launched with huge grille and 503bhp

The new sixth-generation BMW M3 Competition saloon gets a 503bhp straight-six engine and four-wheel-drive
22 Sep 2020
New 2020 Volkswagen ID.4 electric SUV revealed with up to 323 miles of range
Volkswagen ID.4

New 2020 Volkswagen ID.4 electric SUV revealed with up to 323 miles of range

The new Tiguan-sized Volkswagen ID.4 electric SUV becomes VW’s second ID. model, rivalling the Tesla Model Y
23 Sep 2020
New Range Rover Velar PHEV launched with 33-mile electric range
Land Rover Range Rover Velar

New Range Rover Velar PHEV launched with 33-mile electric range

Land Rover has given the Range Rover Velar an update, with a new plug-in hybrid powertrain and an improved infotainment system
23 Sep 2020