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UK secured Nissan investment with Brexit relief promise - source
October 27, 2016 / 10:36 AM / a year ago

UK secured Nissan investment with Brexit relief promise - source

PARIS (Reuters) - Britain has given Nissan (7201.T) a written commitment of extra support in the event that Brexit reduces the competitiveness of its Sunderland plant, in return for new production investments by the Japanese carmaker, a source with knowledge of the matter told Reuters.

A worker is seen completing final checks on the production line at Nissan car plant in Sunderland, northern England, June 24, 2010. REUTERS/Nigel Roddis/Files

In addition to unconditional investment aid, Britain pledged in a letter to offer further relief if the terms of Britain’s European Union exit ended up harming the plant’s performance, the source said.

Reporting by Laurence Frost; Editing by Kevin Liffey

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