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Nissan to build new car in Spain

Source: Reuters - Tue 5th Feb 2013
Nissan to build new car in Spain

Nissan Motor Co Ltd will start making a new car model at its Barcelona factory in northeastern Spain after reaching a deal with unions last week on wage cuts, a spokeswoman said.

The agreement, reached after months of tense negotiations that nearly caused the Japanese manufacturer to cancel expansion plans in Spain, will create 1,000 jobs and bring in 130 million of new investment, Spanish media reported.

Spain's government has welcomed recent investments by automakers as a sign that reforms allowing employers to hire and fire workers more easily are making the recession-hit economy more competitive.

In January, Volkswagen became the 3rd car maker in recent months to increase production in Spain.

The country's unemployment rate hit 26% during Q4 of 2012.

Comment on this Story

I can't get exited about Nissan building a new "Car" in Spain... Maybe"SOME new cars". I think it will take more than the production of one solitary vehicle to get the country back on track ! ; )
Mr Grumpy - Tue, 5th Feb 2013

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