Drive 'em to hawaii
Nissan deals Brexit blow as Theresa May launches new working group to look for a plan B
British Prime Minister Theresa May is launching a new working group to look for a plan B on Brexit, but the leader’s latest initiative comes too late to stop businesses such as Nissan Motor Co. from ditching key commitments to the U.K.
The automaker cited ongoing doubts about the U.K.’s split from the European Union in its decision to scrap plans to make the X-Trail sport utility vehicle at the Sunderland plant, its biggest auto factory in the country. May’s government had previously gone out on a limb to safeguard Nissan’s investment in the U.K., offering assurances in a private letter.
“We appreciate this will be disappointing for our U.K. team and partners,” Nissan Europe Chairman Gianluca de Ficchy said in a statement Sunday. “The continued uncertainty around the U.K.’s future relationship with the EU is not helping companies like ours to plan for the future.”
Business Secretary Greg Clark described Nissan’s decision as “a blow to the sector and the region.” U.K. ministers are considering withdrawing a £60 million ($78 million) support package for Nissan, The Times reported, citing an unnamed government official.
Nissan’s move is another setback for the British car industry, which reported a 46 percent drop in investment last year as carmakers delayed decisions on upgrading machinery and factories amid mounting concern about the impact of a hard Brexit. Nissan two years ago agreed to make the SUV in Sunderland after winning government pledges for access to the EU. Sunderland voted 61.3 percent to 38.7 percent to leave the EU.
https://www.japantimes.co.jp/news/2019/02/04/business/corporate-business/nissan-brexit-theresa-may/
feel you anon. same here. 4 hours at best.
anon posted the following
>because dayshift dropped the ball
earlier
that's what started it today
agree and it does get old. nature of the beast though. see it alot as i do both. moar fun at night for me