The benefit of Nissan's decision is to renew confidence in the UK as a longterm centre of vehicle production. The car assembly plant at Sunderland is safe, but a question mark does now hang over the British components industry. It is quite clear that in many ways this was an exchange rate decision. Britain's entry into the eurozone is several years off. So Nissan had to be innovative and put its own strategy in place to try to live with the strength of sterling.
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