London gives guarantees to Toyota, which therefore maintains its investment

Toyota has taken the decision to invest more than 240 million pounds (€274 million) in its factory in English after having obtained the government’s written confirmation that it would continue to enjoy favourable conditions after the Brexit, reported two sources to Reuters.

A letter the contents of which remain secret

On 16 march, the japanese manufacturer had announced that it would install its new platform at its factory in Burnaston. A source close to the dossier said that Toyota had delayed the announcement, originally expected by the end of 2016 due to a number of factors, including the output of the United Kingdom of the european Union.

The ministry of Enterprises, Energy and the industrial Strategy has confirmed the existence of an e-mail but refused to publish it.

Request for unrestricted access to the european market

The letter is similar to that received by Nissan last year when the latter decided to assemble two new models in its factory in the north of England, said the source.

“It is the same terms warm as those addressed to Nissan for its electric cars, its commitment to the training and its contribution to the competitiveness of the british car industry, she said.

A spokesman for Toyota declined to say if the builder had received such a mail. He referred to the statement of the group dated 16 march which said that the british government would make a financial contribution to the training and research and development. Toyota also stated that”a permanent access to the european market without customs barriers would be vital for a future success”.

What is the sustainability for the automotive plants in british?

In march, London had said that he would support the investment of Toyota spending $ 21.3 million pounds ($24.3 million) to the education, research and development and innovation.

Toyota produces about 10% of the 1.7 million cars assembled each year in Britain.

Many major car manufacturers are concerned about the long-term viability of their plants, Great Britain, and use their future investment decisions, to push the british government to commit to maintaining a free exchange after the Brexit, is expected to take place in march 2019.

(With Reuters)

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