Nissan will invest $1.4 billion to update its factory in northeast England to make electric versions of its two best-selling cars, a boost for the British government as it tries to revive the country’s ailing economy. The Japanese automaker manufactures the gasoline or gas-hybrid Qashqai and smaller Juke crossover vehicles at the factory in Sunderland,…
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The auto industry is bracing for 10% post-Brexit trade tariffs taking effect in January. They threaten to raise the cost of new EVs by punishing manufacturers in their respective markets for not sourcing enough of their components from either the EU or Britain.
The car maker now says it would not be making a fresh £2billion investment into its Sunderland factory if the UK was not still worthy, having previously warned about the effect of Brexit on its investment