UK: Nissan`s Sunderland plant under threat?
The future of Nissan`s Sunderland plant, the most productive car plant in Europe, is under threat due to the strength of the pound, according to a report in the Financial Times (30/6/00). Following similar complaints from other car manufacturers including Ford, GM, BMW, Honda and Toyota, President of Nissan, Carlos Ghosn said in an interview with the FT that the company was considering shifting new investment to the euro zone. The weakness of the euro against sterling has been a major factor in affecting Nissan`s profits with the company having recorded a Y38.1bn ($36bn) loss in the region last year.
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