Brexit deal holds key to Nissan’s future UK investment plans

The chief executive of Japanese carmaker Nissan has said future investment decisions about Britain’s biggest car plant will depend on the terms of a Brexit deal struck with the EU on customs, trade, and free movement of goods.

Nissan’s Sunderland plant in the north of England built nearly one-in-three of Britain’s 1.6 million cars last year and has been lauded as one of Europe’s most efficient facilities, where it builds the popular Qashqai sport utility vehicle.

But most of the site’s output is exported to Europe and Renault-Nissan Alliance chief executive Carlos Ghosn told the BBC Nissan and other companies were waiting to see the outcome of Brexit talks before making new investment decisions.