RenaultNissan Needs UK guarantees over Brexit to Invest in Plant Getty Images

Sunderland Plant

Ghosn Needs Guarantees to Invest in UK Plant

"If I need to make an investment in the next few months, I cannot wait until the end of the Brexit," Carlos Ghosn said at the Paris car show.

Renault-Nissan will need guarantees from the British government over the impact of Brexit on its business before committing to investing further in Nissan's plant in Sunderland, the automaker's boss said on Sept. 29.

"If I need to make an investment in the next few months, I cannot wait until the end of the Brexit," Carlos Ghosn said at the Paris car show.

"I'm going to have to make a deal with the UK government," he said, adding he would be looking for compensation if his company's tax regime becomes less favouable or cross-border duties have to be paid once Britain leaves the European Union.

"If these kinds of principles are accepted we can go ahead because it will neutralize some of our concerns," said Ghosn, who is the CEO of the Renault-Nissan alliance.

"If I need to make an investment in the next few months, I cannot wait until the end of the Brexit," Carlos Ghosn said at the Paris car show.

The Sunderland plant, near Newcastle in northern England, is Nissan's biggest factory in Europe, with a production capacity of around 500,000 cars per year.

The site, which employs 6,700 people, makes Nissan's Juke, Qashqai and Leaf models.

Copyright Agence France-Presse, 2016

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