Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Spain's Industry Minister says there is 'hope' about Nissan Barcelona closure

Published 07/22/2020, 04:34 AM
Updated 07/22/2020, 04:35 AM
© Reuters. FILE PHOTO: The logo of Nissan is seen through a fence at Nissan factory at Zona Franca during the coronavirus disease (COVID-19) outbreak in Barcelona
7201
-

MADRID (Reuters) - Spain's Industry minister Reyes Maroto said on Wednesday that the government was making progress in convincing Nissan (T:7201) to reconsider closing its Barcelona plant while looking for another investor.

"We're gradually getting Nissan to realize that it's very expensive to close that plant .. It's always best to make way for a new investor, which we're working on ... There is always hope," she said during an event organised by Europa Press news agency.

© Reuters. FILE PHOTO: The logo of Nissan is seen through a fence at Nissan factory at Zona Franca during the coronavirus disease (COVID-19) outbreak in Barcelona

Nissan said on Tuesday that it is willing to postpone the closure of its Barcelona plant until June 2021 and talk about "everything" with unions, but insisted it sees no alternative.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.