Re: Toyota and Nissan.
Originally Posted by
Percy Vere
->
Can't see them closing their factories any time soon because of the £multimillions investments both companies have made in them over the last few years. Don't forget Nissan closed its Spanish plant recently and moved production to Sunderland.
Wrong. Nissan will close its Barcelona assembly plant and two parts-making facilities by December as the global reorganization of the Renault-Nissan-Mitsubishi Alliance continues.
UK not getting a trade deal from the EU by end of october could still influence that decision. Especially as spain produces car parts that will not be regarded as foreign.
In a letter, Britain's chief Brexit negotiator says the UK has failed so far to get the car parts deal it wants, and "obviously cannot insist on it".Having enough parts sourced within the UK and EU is key to a free trade deal.
In a letter to the car industry, seen by the BBC, chief negotiator Lord Frost says one of their key priorities - that parts and components from Japan and Turkey count as British in any deal - has been rejected by the European Commission.