EU Examining Nissan UK Investment Deal
Mohammad Ali (@ChaudhryMAli88) Published November 07, 2016 | 04:50 PM
BRUSSELS, Nov 7, (APP - UrduPoint / Pakistan Point News - 07th Nov, 2016 ) - EU regulators are taking a closer look at an investment deal between Britain and Japanese auto maker Nissan that keeps production of two key models in the UK despite Brexit.
"We have seen press reports regarding this issue. As a result, the Commission at services level is in contact with the UK authorities," an EU spokesman told AFP on Monday. "Such exchanges of information are common," the spokesman said, adding that the EU had "not taken any formal views on the matter." Nissan announced in October it will build its new Qashqai sport utility vehicle and its next four-wheel drive X-Trail model at its plant in Sunderland, northeast England, which eased concerns about Brexit's impact on the country's industry.
But British business Minister Greg Clark caused a media firestorm after confirming that the government made several assurances to Nissan before the announcement. He has refused to reveal the letter detailing the assurances. Under EU law, which Britain is still subject to despite the June 23 Brexit vote, subsidies or assurances to favoured companies can amount to illegal state aid.
Related Topics
Recent Stories
UHS declares MBBS first prof, MS urology exam results
Separate coaches to be hired for ODIs, Test and T20I formats
Finance Minister calls for reforming tax system to improve country's economy
PM calls for joint efforts to check smuggling, power theft
Infinix Unveils a Vibrant New Chapter with Wahaj Ali: The face of Infinix NOTE 4 ..
PM makes two more appointments in his team
Terrorists of Shangla suicide attack will be brought to justice: Interior Minist ..
Applications Open for 6th Cycle of Start-up Incubation under the National Expans ..
Join vivo's "Light it Up" Social Media Contest in Ramadan to Win vivo V30 5G
Pakistan v New Zealand T20I series: Tickets to go on sale from today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 29 March 2024
Today Gold Rate in Pakistan 29 March 2024
More Stories From World
-
Nations fail to reach pandemic accord: talks to resume April
14 minutes ago -
Ecuador prison riot leaves three dead, six injured
14 minutes ago -
Israeli air strikes kill 42 in North Syria
24 minutes ago -
Russia says UN sanctions on N.Korea have 'not helped' improve regional security
34 minutes ago -
Russia faces backlash as veto ends UN's N. Korea sanctions monitoring
54 minutes ago -
5.6-magnitude quake hits 126 km NNW of Kimbe, Papua New Guinea -- USGS
1 hour ago
-
German collector turns back time as clocks go forward
1 hour ago -
Over 70 kg of raw opium seized in central Myanmar
1 hour ago -
45 injured in train-bus crash in NW Cambodia: police
1 hour ago -
Romania finds possible drone fragments near Ukraine border
2 hours ago -
Japan dietary supplement maker probes five deaths
2 hours ago -
UNGA's revitalization key to promoting world peace, security: Pakistan
2 hours ago