Mexican Media Brands
EC Queries UK Over Assurances Given to Nissan
The European Commission says it has asked the U.K. for details about the assurances it gave last month to soothe Nissan Motor Co.’s concerns regarding the impact of the country’s vote to exit the EU.
#regulations
Share
The European Commission says it has asked the U.K. for details about the assurances it gave last month to soothe Nissan Motor Co.’s concerns regarding the impact of the country’s vote to exit the EU.
The EC describes the query as a routine competitiveness check to make sure the U.K. isn’t favoring one company over another. Doing so would violate EU rules to which the country must abide until England’s withdrawal is completed about two years from now.
Nissan CEO Carlos Ghosn warned in September that the company might freeze further investment in the U.K. unless the government guaranteed such facilities won’t be saddled with post-Brexit tariffs that make them less competitive. But after a meeting last month with Prime Minister Theresa May, Ghosn announced two new vehicle programs for Nissan’s assembly complex in Sunderland.
On Monday co-CEO Hiroto Saikawa said the government “assured” the company it “will keep us competitive,” Bloomberg News reports. The British government has said its aim is to maintain the U.K.’s current duty-free access to the EU.
RELATED CONTENT
-
Dubai to Test Digital License Plates
Next month Dubai will begin testing digital license plates that can display various messages, make payments and conduct other transactions.
-
Study: How States Should Update Traffic Laws for Autonomous Cars
U.S. states should require that all automated cars have a licensed driver on board, suggests a study by the Governors Highway Safety Assn.
-
Flawed Fuel Tank Flanges Could Trigger Massive Recalls
Fuel tank flanges that may crack, leak and cause a fire could prompt at least eight carmakers to recall millions of vehicles.