Overview
- Nissan will stop vehicle production at its Oppama plant at the end of fiscal 2027 and relocate all output to its Kyushu facility.
- The company plans to cut its global manufacturing sites from 17 to 10 as part of a broader consolidation effort.
- Last year’s net loss of ¥671 billion prompted ratings agencies to downgrade Nissan to junk status.
- As part of its turnaround strategy Nissan will reduce its workforce by 15%, affecting roughly 20,000 jobs worldwide.
- U.S. import tariffs, intensifying Chinese electric vehicle competition and a failed Honda merger have compounded Nissan’s financial challenges.