Good news if its allowed

The TCA only covers tariffs on goods and whether they are covered by the Rules of Origin. It doesn't cover the cost of the non-tariff barriers (NTBs) - paperwork to you and me. That alone is going to cost UK exporters/importers (Nissan is both) an estimated £7.5bn per year.

 

*That* would have been significantly cheaper.

 

So not at all like the French Government do with the Renault arm then?

I still surprises me that under the EU, the French Government still have a 15% interest in Renault.

 

Yes, and get money back where it's needed most ie infrastructure in the North, not the Tory heartlands.

 

I also think you’ll find, their commitment to the North East is also buoyed by the new development of battery specialists in Blyth, which will create upto 3,000 jobs.

If you were that knowledgeable about the car industry, then you’d know that the North East is heading towards a major hub of EV excellence. So much so, that even Tesla have been mentioned about making an investment there as well.

The decision from Nissan, regardless of any government help (which is good news), has also been taken because the North East is the place to be for EVs going forward.

 

How come "paperwork" would cost that much, when they're only importing and exporting the same things each time?

One might have thought that once its on the computer, all you'd need to do would be to effect a minor tweak each time.

 

Why’s that good? Was it shutting down before brexit?

 

29% actually quite an achievement considering car sales were shut for most of the year.

 

Weren't they saying on the BBC that retail sales were 2% down last year?

2%? Is that all?

 

Aren't Nissan owned by Renault? They probably see it as a way of flogging cars in the UK more easily than Renault's whilst getting subbed by Clownman and company. Must be laughing their cocks off.

 

He means £7.5 b across every sector and company, not just Nissan.

 

That paperwork falls into place soon enough though I would have thought.

£7.5bn seems a bit fanciful.

I suppose it depends on how difficult they want to make things.

 

Renault don't own Nissan, it's a curious three way deal between Renault, Nissan and Mitsubishi. I read an article last year that said the Japanese Govt were thinking about finding a way out.

 

They own shares in each other (Nissan and Renault).

Let’s not forget the French Government still retain 15% share in Renault. No idea how they get away with that under the EU regime.

Anyway, that aside, Nissan committing to the North East is great news - and not entirely linked to any government subsidy, as I mention further up this thread.

 

It’s neutral news for cars. While all other bees so far isn’t good at all is it?

3,000 jobs isn’t many is it? Not in comparison to how many are being lost in most other industries. But maybe you aren’t that knowledgeable of the macro brexit climate?

 

Not as simple as that...Nissan are closing their Barcelona plant.

 

It was a purposefully glib response to a comment that merited it.

we’ve paid a sweetener. I’m not sure why this isn’t being considered by those on the pro brexit side.

 

Any country that wants a foreign car plant pays a sweetener.

 

The topic is about the North East, Nissan, and the car industry.

It’s actually 8,000 jobs in total, but 3,000 to the new plant in Blyth.

And as a Macro economic comparison, that is extremely difficult to calculate currently, due to C-19.

Let’s just celebrate some good news for once, especially for the North.

 

Or gets an EU subsidy - like Ford did in Turkey.

Moved production of the Transit from Southampton to Turkey, due to EU funding.