Nissan cancels investment plan for UK plant, cites uncertainty after Brexit

Japanese car manufacturer Nissan announced Sunday it was cancelling plans to build its X-Trail SUV at its plant in northeast England despite Brexit assurances from the government.

"While we have taken this decision for business reasons, the continued uncertainty around the UK's future relationship with the EU is not helping companies like ours to plan for the future," Nissan Europe Chairman Gianluca de Ficchy said in a statement. "We appreciate this will be disappointing for our UK team and partners,".....

This article is no longer available in our repository.

There could be multiple reasons for this.