Quite a story this - relies on Nissan’s share of UK market going from 1 in 25 cars to 1 in 5 as WTO tariffs of 10% applied to VWs, Fords. Presumably Japan trade deal helps with parts too...https://twitter.com/petercampbell1/status/1224079001066594304 …
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Eg the idea seems to predate these reports on plans for a major post Ghosn restructure... including suggestion two plants would be shut:https://twitter.com/faisalislam/status/1222300391896952833?s=21 …
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Still, we know that Japan is considering asking for an immediate end to UK auto import tariffs under a UK trade deal, unlike the 8 year phased reduction under the existing EU-Japan deal - lots of moving parts here..
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Interesting thought experiment to think how to aggressively pursue import substitution such as this: Govt would have to stick to WTO rules but could work outside EU state aid. Could alter regulations to help eg specific types of electric plug in network.
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Oh dear. Sunderland stays open if market share can increase by 500%? Very bad news indeed.
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Ridiculous of the FT to bury the main point. In the event of a WTO outcome Nissan say on the record they’d shut all European operations including Sunderland. All sorts of options can be considered and rejected.
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It actually reads like less of a contingency plan and more of a breakeven analysis ....what volume would we have to sell for local production to be viable.
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Nissan manufacturing will end up back in Japan after free trade deal with Britain Same for every car manufacturer will end up in their home country as well as having US car companies shipping in tariff free as well Car Manufacturingin Britain is dead
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Brexit dividends just keep on coming don't they?
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It’s that bluddy diesel again ‘innit?
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