Nissan to invest $200m in UK car project

City A.M. Reporter
Japanese carmaker Nissan said it will spend $200m to build a new hatchback at its UK plant as Prime Minister David Cameron began a tour of Japan and Southeast Asia aimed at boosting trade and investment ties.

The investment, announced hours before Cameron's plane touched down at Tokyo's Haneda airport, underscored the business focus of his trip.

"Nissan's investment in the UK is a huge vote of confidence in the skills and flexibility of the UK workforce. We want to attract more investment like this," said Cameron, due to meet later on Tuesday with Japanese Prime Minister Yoshihiko Noda.