Nissan abandons pledge to make SUV in U.K., citing Brexit [MSN Money]
NISSAN MOTOR LTD S/ADR (NSANY)
US:NASDAQ Investor Relations:
nissan-global.com/en/ir
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Source: MSN Money
Nissan Abandons Pledge to Make SUV in U.K., Citing Brexit © Kazuhiro NOGIAFP/Getty Imag "We appreciate this will be disappointing for our U.K. team and partners," Nissan Europe Chairman Gianluca de Ficchy said in a statemt Sunday. “While we have tak this decision for busins reasons, the continued uncertainty around the U.K.’s future relationship with the EU is not helping compani like ours to plan for the future.” Load Error Nissan’s move is another setback for the British car industry, which reported a 6 perct drop in invtmt last year as carmakers delayed decisions on upgrading machinery and factori amid mounting concern about the impact of a hard Brexit. Spding was 589 million pounds ($77 million), the lowt since the global financial crisis, the Society of Motor Manufacturers said in a statemt Thursday. The Japane carmaker will continue to produce the X-Trail in Kyushu. Other vehicl planned for Nissan’s northeast England plant in Sunderland -- including the next geration Juke and Qa
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