The UK government offered Nissan $100 million over Brexit worries

REUTERS/Andrew Yates

• In 2016, the UK government offered Nissan around $100 million to soothe its Brexit worries.
• The offer has been revealed in a letter published Monday that was sent by UK business secretary in 2016.
• Nissan subsequently announced it would build two vehicles at a Sunderland plant — but cancelled these plans on Sunday.

Britain offered Nissan more than $100 million in support in an attempt to soothe its fears around Brexit.

The offer was made by business secretary Greg Clark to the Japanese car-maker in 2016 in a well-guarded letter that was finally released on Monday, in an attempt to secure a major investment from the company.

See the rest of the story at Business Insider

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from Business Insider https://read.bi/2DatTqR