Nissan to build new Infiniti model from 2015
Tokyo, December 19, 2012
Japanese carmaker Nissan will invest around 250 million pounds ($405 million) to build a new version of its Infiniti luxury brand in Sunderland, northeast England, from 2015, creating 1,000 jobs.
Sunderland, which will be able to build 60,000 of the new "Etherea" model per year, is Britain's largest car plant and one of the most productive in Europe.
Infiniti brand cars are currently made almost exclusively in Japan, Nissan said on Wednesday.
Britain's largely foreign-owned car industry has been resilient compared with the rest of Europe where the car market has slumped to 20-year lows in the face of the euro zone crisis.
It has also been a relative bright spot in domestic manufacturing, attracting investment from abroad while other areas have seen a decline.
Nissan had said on Tuesday it expected the global premium car market to grow 8 per cent next year as strong US demand offsets flat western European sales. – Reuters
More INTERNATIONAL NEWS Stories
- Merkel raps Putin; Russia tightens grip on Crimea
- World 'at sea' over missing Malaysian jetliner
- Passports requiring probe were on Malaysia flight
- 40 killed in Yemen as Houthi fighters near capital
- Vietnam finds object in sea; search on
- $5bn poll spend to boost India economy
- Libya authorises use of force against Korean tanker
- Ukraine PM says he will go to US to discuss crisis
- Syrian journalist killed covering fighting
- Malaysian jet may have turned back before vanishing
- No sign of missing plane; Malaysia probes false passports
- Two Europeans not on board 'missing' Malaysian jet
- China draws red line on North Korea
- Saudi sentences three to death for 2003 bombing
- First bitcoin machine opens in UK
- US sanctions will boomerang, warns Russia
- China plans $50bn bank to fund projects
- Sony to sell Tokyo 'birthplace'
- Obama orders sanctions over Russian moves
- Crimea parliament votes to join Russia
- Arab League to be revamped
- 'Upskirting' is legal: Massachusetts court
- Singapore probes 'unnatural' death of bitcoin trader
- Onus on world powers for Syria war crimes: UN
- US, Russia set for talks on Ukraine crisis
- Brent oil drops below $109
- Services outshine manufacturing, pushing up jobs
- Bitcoin bank shut down after hacker attack
- India to kick off world's biggest poll on April 7
- China signals focus on reforms