Nissan today revealed an annual net profit of £1.9 billion.

The figures confirmed a dramatic improvement in fortunes for the Japanese car giant which has failed to make a profit in seven out of the last eight years.

The turnaround follows a huge cost cutting programme involving reductions in staff and production capacity.

Nissan announced in January its new Micra model would be built at its UK plant in Sunderland, securing the factory's long term future

Read more about the campaign the save the Micra here.

Updated: 16.05 Thursday, May 17