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Nissan Scraps Plans to Build New S.U.V. in Britain [The New York Times]

Nissan Motor Spon AD (NSANY)  More Company Research Source: The New York Times
US:NASDAQ Investor Relations: nissan-global.com/en/ir
PDF Nissan Scraps Plans to Build New S.U.V. in Britain - The New York Times LONDON — The automaker Nissan confirmed on Sunday that it had scrapped plans to build its new X-Trail sport utility vehicle in Britain and would produce it solely in Japan, warning that uncertainty over Britain’s departure from the European Union was making it harder to plan for the future. Nissan had said in 2016 that it would manufacture the new X-Trail at its Sunderland factory in northern Britain, the country’s biggest car plant. That announcement, which came four months after Britain voted to leave the European Union, was seen as a major vote of confidence in the country and in Prime Minister Teresa May, shortly after she took office. But falling demand for diesel cars in Europe has forced the automaker to invest in other nologies and to look for cost savings. Last year, it cut hundreds of at its Sunderland factory, as sales of diesel vehicles faltered in the wake of revelations of Volkswagen’s scheme to che [Read more]

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