"We can reduce our upfront investment costs" by consolidating X-Trail production in Kyushu, the production hub for this global model, Nissan Europe Chairman Gianluca de Ficchy said in a statement.
"While we have taken this decision for business reasons, the continued uncertainty around the U.K.'s future relationship with the European Union is not helping companies like ours to plan for the future".
Ministers strongly denied any financial incentives were offered.
Labour MP for Houghton and Sunderland South, Bridget Phillipson, said the potential abandonment of the project is "deeply troubling news".
Japanese firm Honda also announced six non-production days in April under contingency plans to mitigate the risk of disruption to production at its Swindon factory after the United Kingdom leaves the EU.
Investment in the industry fell 46 percent previous year and new auto production dropped 9.1 percent to 1.52 million vehicles, in part because of concerns over Brexit, the Society of Motor Manufacturing said. I will be asking for the government to intervene, and will stay in close contact with the company itself, ' she said.
Oil climbs on Venezuelan crisis despite surging US supply
But McMonigle, now senior energy policy analyst at Hedgeye Potomac Research, believes Trump is very likely to impose sanctions. In the first 10 months of 2018, Citgo imported the most Venezuelan crude followed by Valero Energy Corp., Bloomberg reported .
They have reiterated today their commitment to the United Kingdom by continuing to manufacture in Sunderland the current Qashqai, Leaf and Juke models and the new Qashqai model from 2020.
There had been concerns that Nissan - part-owned by France's Renault - could move production to France in future to avoid any post-Brexit EU tariffs.
The company said the "voluntary separation programme" at the Welsh factory is needed to cut costs and create a "sustainably profitable business" in Europe.
Nissan's confirmation that it will be making the next-generation X-Trail in Japan rather than Sunderland has been described as "a blow to Britain's industrial strategy"..
Most of the cuts will be in the United Kingdom, with a voluntary programme being launched, and are in addition to 1,500 workers who left the company past year. "Our workforce in Sunderland has our full confidence, and will continue to benefit from the investment planned for Juke and Qashqai".
None of the 7,000 jobs at the plant in Sunderland are thought to be under threat from the decision because it was involving future investment but it is further bad news for the industry with less than eight weeks until the United Kingdom is due to leave the EU.
"These rumours are disturbing and will cause the workforce to have a very anxious weekend even though production of the X-Trail would have necessitated additional jobs on site".