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Re: Brexit Development(s) Discussion
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Originally Posted by papa smurf
Nissan drafts plan to double down on UK under hard Brexit
Under the scenario, the Sunderland plant in the UK would be maintained as part of an audacious attempt to steal market share from other carmakers.
If car makers that import to Britain such as Ford and Volkswagen face tariffs that make their cars more expensive, Nissan’s UK-made models would have a competitive edge, allowing the company to grow from 4 per cent of the market currently to as high as 20 per cent, according to the two people.
https://www.ft.com/content/c4f0d1e2-...a-c4b328d9061c
Nissan has drawn up a plan to pull out of mainland Europe if Brexit leads to tariffs on car exports — but to double down on the UK, where the Japanese company believes it could sell one in five cars.
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https://www.cityam.com/nissan-plans-...tingency-plan/
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Nissan was contacted for comment.
The carmaker denied such a contingency plan exists to the Financial Times.
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If you open the FT article in an Incognito window, you can see the entire article, which also states
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The scenario is one of several that the carmaker developed to plan for post-Brexit tariffs. People familiar with the discussions cautioned that the contingency plan was drawn up before Makoto Uchida was installed as the new chief executive in December.
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And
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Nissan’s public position is that the UK plant would be threatened along with its European business if the UK fails to maintain tariff-free access to the EU.
“We deny such a contingency plan exists,” said a spokesman for Nissan Europe. “We’ve modelled every possible ramification of Brexit and the fact remains that our entire business both in the UK and in Europe is not sustainable in the event of WTO tariffs …We continue to urge UK and EU negotiators to work collaboratively towards an orderly balanced Brexit that will continue to encourage mutually beneficial trade.”
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Last edited by Hugh; 02-02-2020 at 22:18.
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