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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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