Nissan

The plan to invest £48.7 million to make up to 340,000 units a year has been cancelled

NISSAN Motor is considering exporting cars built at a joint venture with its Chinese partner to Canada, which is opening up its market to electric vehicles made in China.

It reports earnings of 58 billion yen, beating the company’s forecast of 50 billion yen

But partnering local companies carries big risks

Even with sales volume falling, the carmaker hopes its know-how and relationships will still give it an edge

The automaker said it will update on the progress of its restructuring plan in May

Uncertainty about the United States-Mexico-Canada Agreement is delaying investment decisions

The vehicles will operate on Uber’s platform in the initial phase, with a trained safety driver in the cars

This includes reducing its global manufacturing footprint and cutting its workforce by 15%