Nissan confirms decision to build new model in UK despite Brexit

Costas Pitas and Sarah Young, Reuters

Posted at Oct 27 2016 06:29 PM

A Nissan logo is pictured at a car dealership in Sunderland, Britain June 29, 2016. Picture taken June 29, 2016. Andrew Yates, Reuters

LONDON - Japanese carmaker Nissan said it will build its new Qashqai model at Britain's biggest car plant, confirming a report from Reuters, marking the first major investment from the autos-industry since the UK voted to leave the EU.

Chief Executive Carlos Ghosn had warned in September that Brexit could threaten new investment in Nissan's Sunderland plant, but said on Thursday that British government support had helped it to go ahead with its new investment.

"The commitment by the UK government that Sunderland would remain competitive certainly gave us the confidence to pull this important decision forward," said a spokesman for Nissan.

Nissan said as well as the Qashqai model it would also build its next X-trail model there.