North East Mayor says £50m investment in manufacturing plant is "just the start"
- The £50m investment in a new manufacturing plant in Sunderland involves Nissan, the Japan Automatic Transmission Company, and the government, as stated by North East Mayor Kim McGuinness.
- This project will create 183 new high-value jobs and support over 400 in the supply chain, according to the government announcement.
- The new plant will produce electric vehicle powertrains for Nissan's nearby facility, marking JATCO's first European plant, as mentioned by Tomoyoshi Sato, JATCO's CEO.
- Business and Trade Secretary Jonathan Reynolds highlighted that this investment boosts the UK's automotive industry and secures hundreds of jobs across the North East.
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