"Meanwhile, as the virus comes under control in China, VW has reopened most of its factories there.Chief financial officer Frank Witter said: "2020 will be a very difficult year.
News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services.The Spanish government today vowed to get the car-maker to reverse the move, as workers burned tyres and shouted "war" outside the plant in Catalonia.The furious protests came after Nissan announced it had decided to centre European production at its UK plant in Sunderland and close the plant in Barcelona - which has around 2,800 workers.The Government, which said in January after meeting officials from the Renault-Nissan alliance that jobs at the plant were "guaranteed," criticised the decision and urged Nissan to look at other options.Foreign Minister Arancha Gonzalez Laya said: "We regret it and will do everything we can to overturn it. The decision to close the factory comes after Nissan posted a £5 billion loss for the last financial year, its biggest loss for over a decade.
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Nissan's decision to centre European production at its UK plant in Sunderland and close its Barcelona factory has sparked angry protests by workers in Spain.Employees of the Japanese carmaker set fire to tyres outside the Catalonia site, which is to close - threatening the loss of 3,000 jobs.The company is also to shut its factory in Indonesia.The firm plans to become smaller and more cost-efficient, building 20% fewer vehicles worldwide, after the A Nissan spokesman said: "Europe will remain an important part of Nissan's global business. The French government owns 15% of Renault’s shares.“[Sunderland] will still have to compete for investment,” Bailey said. "The new Juke was recently launched, and the plant is now preparing for the arrival of the new Qashqai.
“Sunderland remains an important part of our plans for the European business. Nissan has announced that production at its Sunderland plant has been suspended as the coronavirus crisis deepens.It made the revelation just a day after Vauxhall's parent firm said it was to temporarily shut down output at its Ellesmere Port and Luton plants.Nissan, which employs around 7,000 workers at the Wearside plant, said other action could follow given the scale of the disruption to the global economy though it refused to say whether that included the possibility of things like job losses.Its statement said: ""Vehicle production has been suspended today in Nissan Sunderland Plant.