Reuters, LONDONThe British government helped to secure a more than ￡240 million (US$314.2 million) investment from Toyota Motor Corp in its English plant with a letter reassuring the Japanese automaker over post-Brexit trading arrangements, two sources told Reuters. Toyota on March 16 said it would install its new car platform at its Burnaston plant. The British Ministry for Business, Energy and Industrial Strategy has confirmed the existence of a letter, but refused to release it. Reuters made a freedom of information request to the ministry to see documentation relating to the investment decision, which the ministry said included a letter. Japan’s Nissan, Toyota and Honda Motor Co Ltd account for about half of British car output.

Source: Taipei Times July 15, 2017 15:56 UTC