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Japan,United Kingdom : Nissan to invest US$200 million to build new model in UK
Publish Date : 11-Apr-2012
Japanese carmaker Nissan Motor Co said on Tuesday it will invest 127 million pounds (US$200 million) to build a new hatchback at its Sunderland plant in Britain from 2014.
The new medium hatchback, which does not yet have a name, will create an additional 225 jobs at Nissan and 900 at component companies supplying Nissan in Britain.
The new investment is on top of US$200 million Nissan said in March it would spend to build its new Invitation compact vehicle from mid-2013 in Sunderland and will take manufacturing capacity at Britain\'s biggest car plant beyond 550,000 vehicles a year.
British Prime Minister David Cameron and Nissan Chief Operating Officer Toshiyuki Shiga are due to formally announce the new investment later on Tuesday when Cameron visits Nissan\'s Yokohama headquarters during a trip to Japan.
