Overview

• Nissan has entered developing talks with Taiwan’s Foxconn to convert its Oppama plant into an electric vehicle manufacturing site.
• The proposed deal aims to protect about 3,900 roles at Oppama, which had been at risk of closure under Nissan’s restructuring.
• The automaker has requested deferred payments from suppliers in Britain and the EU to bolster its short-term cash flow.
• At its Sunderland factory in the UK, Nissan has launched a voluntary leave scheme that could cut around 250 positions.
• Nissan reported a record £4 billion annual loss last year, prompting CEO Ivan Espinosa’s Re:Nissan overhaul that includes 20,000 job cuts and seven factory closures.