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Nissan's key Brexit model decision due by year-end - source
October 14, 2016 / 1:23 PM / in a year

Nissan's key Brexit model decision due by year-end - source

Carlos Ghosn, CEO of Nissan, leaves 10 Downing Street after meeting Britain's Prime Minister Theresa May in London, Britain, October 14, 2016. REUTERS/Hannah McKay

LONDON (Reuters) - Japanese carmaker Nissan (7201.T) is due to decide whether to build its next Qashqai sport utility vehicle model in Britain or elsewhere by the end of the year, a company source said, a key investment decision for post-Brexit Britain.

“The decision-making process is in the next few weeks and months with a decision expected before the end of the year,” a company source told Reuters on Friday.

CEO Carlos Ghosn told reporters at the Paris motor show late last month that future spending on Britain’s biggest car plant would depend on a guarantee of compensation if Britain struck a deal with European allies which led to tariffs on car exports.

Ghosn met British Prime Minister Theresa May on Friday and said afterwards: “I am confident the British government will continue to ensure the UK remains a competitive place to do business.”

Reporting by Costas Pitas; editing by Stephen Addison

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