ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Automobiles

Nissan at risk of $740m body blow from no-deal Brexit

EU tariff threat looms over automaker's Sunderland plant in UK

Nissan's plant in Sunderland, England, produces 10% of the company's annual global volume.   © Reuters

TOKYO -- Nissan Motor stands to sustain over 80 billion yen ($737 million) in asset write-downs in a worst case scenario if the U.K. withdraws from the European Union with no deal, a further blow to the automaker's sagging profits.

As British and EU negotiators this week raced the clock to reach an agreement by an Oct. 31 deadline, Nissan began production of redesigned version of its popular Juke compact crossover at the Sunderland plant in northern England.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more