After months of speculation, carmaker Nissan confirmed on Thursday that it will produce the new model Qashqai and the X-Trail SUV at the factory from Sunderland, UK.
In September, Carlos Ghosn, Nissan chief executive was quoted as saying that Nissan may not have invested in their Sunderland plant due to the fears risen from the outcome of June's European Union referendum.
He said the announcement was "fantastic news", particularly for the workforce as the deal secures 7,000 jobs.
The decision to build the next generation of its popular Qashqai and X-Trail SUVs at Britain's largest auto plant, rather than elsewhere in Europe, was won with what a source described as a government promise of extra support to counter any loss of competitiveness caused by Britain leaving the EU.
In a statement May called the Nissan decision a "vote of confidence [which] shows Britain is open for business".
Ghosn said today that the manufacturer could make the production decision because of "support and assurances" from the government.
According to the Japanese vehicle maker, its decision to build future models in the United Kingdom comes after the Government said it will ensure the plant remains competitive. The Sunderland plant is the top manufacturer of cars in the United Kingdom, with current production of cars at about half a million units per year, with 80 percent exports - mainly to European Union countries.
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It is the latest instalment in a tremendously successful 30-year relationship between Nissan and Sunderland - a relationship which already sees more than 500,000 cars produced every year and which is now set to continue for many years into the future.
80% of production from Sunderland is exported to over 130 worldwide markets, and more than two million Qashqai's have been built in Sunderland in less than 10 year.
Production of the new Qashqai model is forecast to begin in 2018 or the following year.
Nissan's decision is a vote of confidence which proves that the United Kingdom is open for business.
This might not sound like a big deal to American observers, but it is actually a huge concession, considering that the majority of Brexit negations are being kept secret from Parliament and the British public by Prime Minister Theresa May (as reported by The Independent).
Liberal Democrat leader Tim Farron welcomed the investment news but said it was "utterly ridiculous" that Mrs May was having to give "special assurances" to key manufacturers to deal with the "Brexit fallout her Government is creating".
Colin Lawther, Nissan's senior vice president for manufacturing in Europe, denied that there was a special deal for the company.