This is good news. For today, Nissan workers can breathe a sigh of relief that Sunderland has been recognised as an important production facility for the future.
However, lots of questions remain. Nissan has identified Japan, North America and China as "core" markets - not Europe. In Europe, Nissan's alliance partner Renault will assume a greater role and influence in Europe at a time when the global car market will have to make very aggressive cost reductions.
The question may arise in the future - who is really in charge in Europe? If it's Renault, what does that mean for future investment in a post-Brexit UK? Nissan alone said it had capacity to make seven million cars when it only needs capacity for five million.
Only plants that can demonstrate an ability to be ruthless about cost will continue to attract investment. As Professor David Bailey tweeted this morning: "Once again, the workforce will have to pull out all the stops to work flexibly to get costs down".
So, some belt tightening ahead, but workers in Sunderland will be thankful they are not in the same position as their Spanish and Thai counterparts, who are seeing plants closed down.