Nissan, Toyota Back U.K. Plants Despite May’s Brexit Plan
- Japanese carmakers focus on factories’ costs as tariffs loom
- May’s plan to leave EU’s single market a challenge for exports
Renault-Nissan CEO Ghosn on Brexit, U.K. Facilities
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Toyota Motor Corp. and Nissan Motor Co. say they’ll keep making cars in the U.K. despite Prime Minister Theresa May’s plan to leave the European Union’s single market, which could make exporting from British factories less lucrative.
May’s Brexit plan, outlined Tuesday, won’t derail Nissan’s commitment to build new versions of its Qashqai and X-Trail sport utility vehicles at its factory in Sunderland, England, Chairman Carlos Ghosn said Wednesday. Toyota plans to keep its car- and engine-building plants in the U.K. and may take steps to increase their competitiveness if leaving the European Union raises costs, Chairman Takeshi Uchiyamada said.