Advertisement

  1. ITV Report

Nissan wants Britain to commit to Brexit compensation before more investment

Photo: PA

Nissan has said it wants Britain to pledge compensation for any extra taxes resulting from its decision to leave the European Union, or they could scrap potential new investment.

The company's CEO Carlos Ghosn told the BBC that if the UK ends up trading with Europe under World Trade Organisation (WTO) rules then it could harm the future of the Sunderland plant.

The WTO rules would add 10% to the price of UK-produced cars because of EU import tariffs.

Speaking at the Paris auto show Mr Ghosn said:

If I need to make an investment in the next few months and I can't wait until the end of Brexit, then I have to make a deal with the UK government.

You can have commitments of compensation in case you have something negative," he said. "If there are tax barriers being established on cars, you have to have a commitment for carmakers who export to Europe that there is some kind of compensation."

– Carlos Ghosn, Nissan CEO
1/3
Britain's total car output built at Sunderland plant
6,500
workers people at Sunderland site
30,000
people employed in Nissan supply chain in north east