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PRIVACY
Manufacturing

Nissan boss suggests º£½ÇÊÓÆµ plant could produce cars for Chinese brand

Newly installed Nissan chief executive Ivan Espinosa said "everything is open" when asked if the manufacturer could team up with Chinese state-owned firm Dongfeng at the Wearside plant

An operator working at the Nissan plant in Sunderland(Image: PA)

Workers at Nissan's Sunderland factory could be involved in manufacturing vehicles for a Chinese brand, CEO Ivan Espinosa has suggested.

Speaking at the Financial Times Future of the Car summit, Mr Espinosa noted the potential collaboration with Dongfeng, a state-owned Chinese firm and long-standing partner in China, saying: "We could leverage some of our joint work outside of China, inviting them to come into our production ecosystems - everything is open."

At the same event, he said it was unlikely the Wearside plant would be among those affected by the closure of seven plants globally, given the company's sweeping cost reduction measures due to severe financial challenges.

However, he stressed the importance of º£½ÇÊÓÆµ Government support for Nissan to stay competitive within the country, reiterating points made previously by Alan Johnson, a senior executive based in the North East.

Mr Espinosa said: "Things like energy and a few other things are not as competitive as they are in other markets, and we need support from the Government to remain competitive in the º£½ÇÊÓÆµ and keep our plant moving forward.", reports .

Downing Street officials last week reached out to Nissan for more information regarding potential factory closures, amid concerns that the Sunderland plant - which employs roughly 6,000 individuals - might be at risk. This comes in the wake of intensified global cost-cutting measures, with the company now planning to cut 20,000 jobs and reduce its number of factories from 17 to a mere 10 by 2027.

The firm stated that the restructuring will "create a leaner, more resilient business", as it aims for cost savings of 250 billion yen (£1.28bn) compared to the previous fiscal year.

Workers and suppliers in the North East were given cause for hope when Mr Espinosa emphasised that the Sunderland factory is set to see three new electrified models on the production lines.