Nissan boosts number of cars produced at Sunderland but UK company makes a loss

Production volumes and turnover have jumped at Nissan's Sunderland factory, but a reorganisation of the business has seen it take on more costs.
New accounts for Nissan Motor Manufacturing (UK) Limited show 325,000 cars rolled off the production line at the Wearside plant in 2024, compared with 260,000 the year before.
Clearing disruption from worldwide semiconductor chip shortages over recent years was said to have helped the factory ramp up numbers with the Qashqai remaining the brand's biggest seller and one of the UK's top 10 models, of which 199,000 left for UK and European showrooms.
Turnover was boosted from £5.03bn to £7.35bn in the year to the end of March 2024, as cost of sales crept up from £4.67bn to £6.92bn. But the plant swung to a loss during the year - recording an operating loss of £41.2m, from an operating profit of £49.4m a year earlier.
Bosses said the losses had partly been caused by provisions for supplier claims amounting to £214m - including costs associated with onsite supplier activity and where there had been unforeseen changes to production schedules, along with price inflation.
Recommend
Donald Trump tariffs: JLR says it will be 'resilient' as UK automotive sector braces for impact
2025-04-01 02:06:47
2025-04-01 02:06:47
Is the North East on the cusp of achieving the world's first circular supply chain for EV batteries?
2025-04-01 02:06:47
2025-04-01 02:06:47
Three Welsh firms awarded contracts to help deliver new £1.25bn electric arc furnace at Port Talbot
2025-04-01 02:06:47
2025-04-01 02:06:47
Cycling accessories firm secures funding to expand Bristol HQ
2025-04-01 02:06:47
2025-04-01 02:06:47
Airea looking to benefit of multimillion-pound investment effort as sales grow
2025-04-01 02:06:47
2025-04-01 02:06:47
UK economy still in the doldrums as manufacturing slump deepens
2025-04-01 02:06:47
2025-04-01 02:06:47
Manufacturer celebrates 'significant milestone' with French Connection deal
2025-04-01 02:06:47
2025-04-01 02:06:47
Liverpool and Greater Manchester will have 'key role in global space economy' thanks to landmark deal with Axiom Space
2025-04-01 02:06:47
2025-04-01 02:06:47
60 jobs at Cornwall dairy factory under threat
2025-04-01 02:06:47
2025-04-01 02:06:47
Rolls-Royce stock plummets 10% amid global trade war fears and new tariffs
2025-04-01 02:06:47
2025-04-01 02:06:47