Nissan CEO in talks with Prime Minister

The company has warned that future investments in the UK were under threat if Britain left the European single market

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PM: Nissan 'at heart' of UK auto industry

Prime Minister Theresa May Credit: PA

Prime Minister Theresa May says that Nissan is 'at the heart' of the British automotive industry.

The Prime Minister met Nissan chief executive Carlos Ghosn this afternoon at Downing Street, to discuss his demands for compensation due to the increased export costs associated with Brexit.

Theresa May said:

Our automotive industry is a great British success story and Nissan has been at the heart of it. Over the past 30 years they have had an excellent relationship with the UK Government, a track record of investment and innovation, and their Sunderland plant is one of the most productive anywhere in the world - a testament both to their company and the skill of our workforce.

We are now at the start of the complex negotiating process as Britain exits the EU and I have been clear that there will be challenges ahead. But I am confident we will achieve the best deal for Britain and the Government will engage closely with employers and investors as part of our work to create a global Britain.

This Government is committed to creating and supporting the right conditions for the automotive industry to go from strength to strength in the UK, now and into the future.

That's why I was pleased to have met with Mr Ghosn today to discuss our shared belief that Britain remains an outward-looking, world-leading nation in which to do business.

We will continue to work with Nissan as we develop the environment for competitiveness of the automotive industry here in the UK to ensure its success.

– Theresa May

Nissan CEO refuses to answer reporters' questions as he leaves Downing Street

As he left Downing Street this afternoon Nissan's chief executive Carlos Ghosn refused to answer reporters' questions.

Ghosn has suggested the company will halt new investment in its plant in Sunderland unless it can agree a compensation deal with the Government for any adverse financial impact from the UK's decision to withdraw from the EU.

The boss of Nissan held talks in Downing Street with the Prime Minister over the vexed subject of Nissan's future on Wearside.

Nissan boss in talks with Theresa May over future

The Nissan factory floor on Wearside. Credit: PA

The boss of Nissan, Carlos Ghosn, is holding talks in Downing Street with the Prime Minister Theresa May over the vexed subject of Nissan's future on Wearside post-Brexit.

The company has warned that future investments in the UK were under threat unless the company was compensated by the UK government for any tariffs they might have to pay for exporting cars to EU countries after Britain leaves the European single market.

We can confirm that Nissan CEO Carlos Ghosn will be meeting with the UK Prime Minister Theresa May at Downing Street on the afternoon of Friday 14th October. At the meeting, Mr Ghosn, Mrs May and their teams will discuss the current situation relating to Britain’s proposed exit of the European Union. The purpose of this meeting between Mr Ghosn and Mrs May is to ensure both Nissan and the UK Government have an aligned way forward that meets the needs of both the company and the country. We do not expect any specific agreement to be communicated following this initial introductory meeting of the CEO and the Prime Minister.

– Nissan spokesperson

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