Britain has secured a Brexit win with car giant Nissan expected to invest £1billion in the UK economy.

The Japanese manufacturer is due to announce that it will produce two new electric cars at their plant in Sunderland.

The investment will help to secure the future of the UK’s largest car factory when the automotive giant begins production of its new Juke and Qashqai models.

Alongside the rumoured investment, a significant government subsidy is expected and comes hours after Chancellor Jeremy Hunt announced a £2bn investment in zero-emissions tech during the Autumn Statement.

The investment is the latest positive move by Nissan who supported the UK’s Brexit deal when it left the European Union at the turn of the decade.

READ MORE Wilders’ Dutch election win paves way for EU collapse with Nexit ‘rising up'[LATEST]

Nissan’s announcement is the latest in a series of positive developments for the UK car industry.

Both Tata and BMW, who own Jaguar Land Rover and Mini respectively, announced major investments in the UK.

Tata is investing £4bn in a battery factory to supply its brands while BMW is spending £600m on upgrading its factory to build electric MINIs.

The rumoured Nissan investment would be a boost to the UK as its automotive output has dropped dramatically in recent years.

This reduced output has been blamed in part on Brexit uncertainty, the Covid-19 pandemic, and subsequent problems with the supply chain.

While the investment is rumoured to be confirmed, Nissan has not yet confirmed it. A spokesperson told the Guardian: “We do not comment on rumours and speculation.”

Nissan was one of the big supporters of the Brexit deal and in 2021 said it was “positive” and allowed it to create more jobs.

Speaking to Sky at the time, Mr Ashwani Gupta said: “Brexit for Nissan is positive, and being the largest automaker in the UK, we will take this opportunity to redefine the industry here. Brexit gives us the competitive advantage, not only in the UK but outside the UK also.”

• Support fearless journalism
• Read The Daily Express online, advert free
• Get super-fast page loading

DON’T MISS
David Cameron appointment is ‘the final insult’, says Ann Widdecombe[COMMENT]
Autumn Statement had Brexit ‘missed opportunity’, top trade expert warns[INSIGHT]
Win for Brexit Britain as France in shock U-turn on electric vehicle tariffs[REPORT]

Mr Gupta added that changes to the supply chain had had no impact on Nissan because of its size.

He explained: “”The sort of problems that we are seeing in the ports is peanuts, frankly. For a global manufacturer that is running 150 markets and 40 plants around the world, to have additional documentation and to fill out a form at the border, it’s nothing.

“We were prepared for it, we had upgraded our software and our processes, it’s okay. Of course, when you bring a change you need to have agility, to adapt to the new change – that’s the beauty of the organisation.

“I think that the UK gets the advantage by having the battery localised already. We are going to explore this opportunity from now onwards – not only battery but electrified vehicles. That’s where we believe Brexit brings the competitive advantage to Nissan as a homemaker.”

Source: Read Full Article