Overview

• Nissan has listed its Yokohama headquarters for potential sale by March 2026 with an estimated value of over ¥100 billion ($700 million).
• The Re:Nissan plan under CEO Ivan Espinosa includes cutting about 15% of the workforce (20,000 jobs) and closing seven of its 17 factories worldwide.
• The automaker reported a net loss of ¥670 billion ($4.5 billion) for the fiscal year ending March 2025 and anticipates ¥60 billion ($420 million) in restructuring costs this year.
• Nissan aims to reduce fixed costs by ¥500 billion ($3.5 billion) by March 2027 through supplier deal renegotiations and other expense controls.
• It has halted a planned $1.1 billion EV factory in Japan and formed a 300-member transformation office to identify further savings.