Vauxhall to be offered same Brexit deal as Nissan by UK Government 0
The UK Government is currently taking every available step to secure its car building industry in the wake of Brexit reports Autocar. As Britain gets closer to triggering Article 50, and the severance procedure officially begins, the Government has already moved swiftly after Nissan – the country’s largest producer of vehicles in the UK – said waiting for the ‘Brexit deal’ to be sorted out wasn’t an option.
The chief of the Japanese car manufacturer said during the recent motor show in Paris, “If I need to make an investment in the next few months and I can’t wait until the end of Brexit, then I have to make a deal with the UK Government.” In the wake of his comments, the business secretary Greg Clark took steps to placate car manufacturers Nissan and Vauxhall.
“It is my job to provide the assurances to Nissan and others that Britain is going to continue to be a great place to invest. I was able to do that and this [Nissan’s continuing investment] was the result that we saw.”
“One of the assurances I was able to give is that our intentions, our negotiating remit when it comes to the discussions with our European partners is to have a constructive and civilised dialogue to look for the common interest here,” he added.
Britain is set to levy zero tariffs on car makers who are exporting vehicles to the EU. This is welcome news for Vauxhall’s Ellesmere Plant, which was the subject of rumours intimating it may be shut down due to lack of competitiveness.
This news is slightly soured by the current rising car prices; Vauxhall itself raised prices for new vehicles by 2.5% to deal with the fluctuating levels of Sterling.