Nissan to invest RM600m to build new model in UK
LONDON, April 10 — Japanese carmaker Nissan Motor Co said today it will invest £127 million (RM600 million) to build a new hatchback at its Sunderland plant in Britain from 2014.
The new medium hatchback, which does not yet have a name, will create an additional 225 jobs at Nissan and 900 at component companies supplying Nissan in Britain.
The new investment is on top of US$200 million (RM600 million) Nissan said in March it would spend to build its new Invitation compact vehicle from mid-2013 in Sunderland and will take manufacturing capacity at Britain’s biggest car plant beyond 550,000 vehicles a year.
British Prime Minister David Cameron and Nissan chief operating officer Toshiyuki Shiga are due to formally announce the new investment later today when Cameron visits Nissan’s Yokohama headquarters during a trip to Japan. — Reuters