This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7432924.stm

The article has changed 5 times. There is an RSS feed of changes available.

Version 0 Version 1
Car plant bags new Nissan model Car plant bags new Nissan model
(10 minutes later)
Carmaker Nissan is to build a new model at its Sunderland plant, securing jobs at the site which employs 4,700 people.Carmaker Nissan is to build a new model at its Sunderland plant, securing jobs at the site which employs 4,700 people.
The car, an addition to the Nissan range, will use the free plant capacity created when production of the current version of the Micra ends in 2010.The car, an addition to the Nissan range, will use the free plant capacity created when production of the current version of the Micra ends in 2010.
The firm announced the £55m investment, £6.2m of which is coming from the UK government, as Prime Minister Gordon Brown visited its London design centre.
The compact car will compete in the same market niche as the current Micra.
In the last fiscal year, the North East plant built a record 374,000 cars. It is the UK's largest car exporter, selling four-fifths of its cars abroad.In the last fiscal year, the North East plant built a record 374,000 cars. It is the UK's largest car exporter, selling four-fifths of its cars abroad.
The car will compete in the same part of the market as the current Micra.
Nissan chief executive Carlos Ghosn said: "By delivering on tough commitments, our employees at Sunderland have demonstrated our plant can be a globally competitive centre for the production of high-value products."Nissan chief executive Carlos Ghosn said: "By delivering on tough commitments, our employees at Sunderland have demonstrated our plant can be a globally competitive centre for the production of high-value products."
The news was revealed during a visit by Prime Minister Gordon Brown to the firm's European Design Centre in London.The news was revealed during a visit by Prime Minister Gordon Brown to the firm's European Design Centre in London.
Mr Brown said the move would guarantee jobs and bolster the UK's manufacturing sector.
"I'm delighted to congratulate Nissan on this new model, which will bring to Sunderland something that's going to guarantee jobs in the distant future."