Nissan (7201 JT) have reportedly warned the UK government that it may shut down its Sunderland plant, if the UK was not fully included in the "Made in Europe" manufacturing targets, according to the FT citing sources
Newsquawk Staff ·
Nissan (7201 JT) have reportedly warned the UK government that it may shut down its Sunderland plant, if the UK was not fully included in the "Made in Europe" manufacturing targets, according to the FT citing sources.
What it means
Nissan's warning about potentially shutting down its Sunderland plant underscores the company's reliance on the UK being fully integrated into European manufacturing protocols. This development could heighten tensions around trade agreements and impact sentiment in both UK equities and automotive sectors, as markets digest the implications for jobs and local economies if such a shutdown were to occur.
Sources
- China's CXMT to begin production of advanced AI memory chips, reports suggest
- PetroChina (857 HK) Q3 2026 (CNY): IFRS net profit 51.84bln, +22% Y/Y
- Ping An Insurance (2318 HK) 9-month net income -27% Y/Y at RMB 96.65bln
- LG Electronics (066570 KS) Q3 (KRW) net 663.2bln (exp. 551.0bln), oper. income 781.9bln (prelim. 781.8bln), rev. 23.82tln (prelim. 23.83tln)
- China rushes to shore up struggling markets with the ‘National team’ of funds and brokers buying stocks as investors turn away from AI trade, according to FT
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