Nissan says: we're in the UK for the long term
Reuters
Published Jul 01, 2021 04:56AM ET
SUNDERLAND, England (Reuters) - Nissan (OTC:NSANY) said on Thursday that a $1.4 billion investment in a new electric vehicle and battery plant in northern England showed that the Japanese carmaker was dedicated to Britain for at least the next decade.
"We are choosing Sunderland, so it is showing the trust that the company, that the government, that our partner, have with the plant," Guillaume Cartier, Nissan chairman for Africa, Middle East, India, Europe & Oceania, told Reuters.
"This is not one shot, this is not one car, this is the plan and this is for 10 years' engagement," he said.
Asked about a global chip shortage that is hitting the auto industry, Cartier said the British plant, which makes Nissan's Qashqai, had more orders than it could fulfill at the moment due to the chip shortage but that he expected the situation to improve within months.
"I believe that post summer we will be back to normal," Cartier said.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.