TOKYO/LONDON ¨C The British government is in advanced talks with Japanese carmaker Nissan about providing it with financial support in return for a long-term commitment and investment in its Sunderland plant, five sources with knowledge of the discussions said.
Any funding for the struggling automaker will be connected to its commitment to produce new models or variants ?and protect jobs at the country¡¯s biggest car plant, two of the sources said. It could come in the form of grants, ?tax breaks ?or subsidies, they said, declining to disclose amounts.
Nissan, the top car producer in Britain, is undertaking a major global ?restructuring that includes selling or closing other factories, cutting 15% of its workforce and shrinking its product lineup.
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