Major carmaker ‘on brink of collapse’ to launch rival to iconic hatchback with bargain EV made for the city

A MAJOR carmaker “on the brink of collapse” is set to launch a rival to an iconic hatchback with a new bargain EV made for the city.

Nissan announced it will be unveiling a city-friendly EV based on the Renault Twingo in 2026 – costing as little as £17,000.

Nissan’s new motor will be built in the Sunderland plant like the Micra (pictured) Free for editorial useThe Renault Twingo, that the new car is based on, is smaller than the Micra[/caption]

The new budget model will be built at the UK factory in Sunderland...