• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Nissan

EU Competition Chief Unconcerned About Deal Nissan Struck With UK

By
Reuters
Reuters
By
Reuters
Reuters
November 21, 2016, 10:45 AM ET
Production of Nissan Juke and Qashqai at Nissan Sunderland Plant
Production of Nissan Juke and Qashqai at Nissan Sunderland Plant

The European Union’s competition chief said on Monday she did not see any concerns over a British assurance to Japanese carmaker Nissan related to Brexit, but that she was still waiting for details to have more clarity about the case.

Nissan agreed last month to new UK investments after Prime Minister Theresa May assured it the government would provide support to counter any loss of competitiveness caused by Britain leaving the EU.

The European Commission subsequently asked for more details.

European Competition Commissioner Margrethe Vestager, who makes sure companies do not unfairly benefit from subsidies granted by governments in the 28-country European Union, said British authorities had yet to provide the required information.

“Before we know more, we have no concerns,” Vestager told reporters at the sidelines of the Chillin’ Competition Conference in Brussels.

Vestager can ask national authorities to recover subsidies that breach the bloc’s strict state aid rules. She has ordered Ireland to claw back up to 13 billion euros ($13.8 billion) in back taxes from iPhone maker Apple.

The Netherlands, Belgium and Luxembourg have also been told to recover millions of euros from various companies for illegal sweetheart deals.

About the Author
By Reuters
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.