Brexit Britain's Surprise Victory: Nissan's £2billion Investment

author: FutureCar Staff    

The recent £2 billion investment from Nissan has received praise for its positive impact on Brexit. According to the Japanese brand's bosses, the consequences of leaving the European Union have been "negligible".

Last week, Nissan, a leading car manufacturing giant, announced a significant £2 billion funding boost for its Sunderland electric car plant, effectively tripling its investment in the UK.

As part of this new investment, Nissan has plans to produce two new electric vehicle models in the UK, specifically the Qashqai and Juke. This is in addition to the previously announced production of the all-electric Nissan Leaf in 2021 and the £1 billion electric vehicle hub.

Prime Minister Rishi Sunak and Chancellor of the Exchequer Jeremy Hunt have both praised this investment, stating that it will safeguard the future of the British car industry. This positive response follows concerns that Nissan might leave the UK after the Brexit referendum.

Initially, there were fears that the UK's historic vehicle manufacturing industry would collapse due to trade deal complications after leaving the European Union. However, Nissan's executives now assert that the impact of Brexit was exaggerated, with only a "negligible" effect. The chief executive of Nissan, Makoto Uchida, confirmed that the UK would remain the brand's European hub for the "foreseeable future" and expressed surprise at the question of why the UK was chosen, citing the presence of great people and talent. Andrew Pierce, host of Britain's Newsroom on GB News, described this development as "great news for post-Brexit Britain".

Richard Tice, GB News host and leader of Reform UK, also referred to the announcement as a "Brexit bonus". He added that Nissan's change of stance regarding Brexit indicated that their initial concerns were overly pessimistic, and he encouraged celebrating this positive news. Data from the Organisation for Economic Co-operation and Development (OECD) reveals that car manufacturing in the UK has remained relatively stable compared to other manufacturing powerhouses like France, the United States, and Germany. Some experts attribute this stability to the effects of Brexit, suggesting that the depreciation of the sterling has enhanced the competitiveness of UK production.

In conclusion, the recent £2 billion investment from Nissan has been met with praise for its positive impact on Brexit. The company's decision to triple its investment in the UK and produce new electric vehicle models demonstrates confidence in the British car industry. Nissan's executives have stated that the consequences of Brexit were minimal and that the UK will remain their European hub. This investment is seen as a significant boost for post-Brexit Britain and a testament to the talent and competitiveness of the UK manufacturing sector.

FutureCar Staff