£50m factory will not provide Nissan with parts [Yahoo! Finance]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Yahoo! Finance
A £50m factory will no longer provide car manufacturer Nissan with the parts it was created to build. The Japan Automatic Transmission Company's (Jatco) Sunderland site opened last year to make Nissan's three-in-one powertrain, which is used to propel the company's electric vehicles. The plant's development received a £12m grant from the government and was expected to create 183 jobs, although only 20 people have so far been hired. Nissan, which owns 75% of Jatco, said there would be "no immediate" job losses and the parts maker was reviewing whether the factory could design other types of powertrains. A Nissan spokesperson said the change had been made as part of its ongoing global recovery plan, known as RE:Nissan. "As part of this, the decision has been taken not to localise production of the three-in-one electrified powertrain to the UK," they said. "There is no immediate impact to jobs as Jatco are continuing to study global production capacity." Changes 'disappoin
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