Future: Future Relationship and Business Reasons

future: Nissan said it had taken the decision for business reasons but warned that Brexit was having an impact, saying The continued uncertainty around the UK's future relationship with the EU is not helping companies like ours to plan for the future, according to The Guardian. In 2018 annual UK car production fell by 9.1% on the previous year It acknowledged in a letter to workers Today's announcement will be interpreted by a lot of people as a decision related to Brexit. The Japanese car manufacturer announced in 2016 it would be making the new version of the X-Trail SUV at the factory in north-east England after receiving assurances about Brexit from the government, but on Sunday it said it would be produced in Japan. The X-Trail is produced in Japan currently and Nissan said keeping production there would reduce upfront investment costs . The slump in the European diesel car market also played a role in the decision, with the Sunderland plant originally earmarked for the diesel version of the X-Trail. People are keen to invest but all motor companies and others across the economy point to the fact they don't know what our trading relationship will be with our most important trading partner, and that is a source of uncertainty they want resolved and I want it resolved too, because it is hampering investment that would otherwise be made, Clark said. Greg Clark, the business secretary, made no attempt to hide his disappointment at Nissan's decision and said it was not surprising that business were holding back on spending decisions given the ongoing political impasse over Brexit. (news.financializer.com). As reported in the news.