Nissan is considering closing several factories in Japan and overseas as part of a major cost-cutting plan. The company may shut its historic Oppama and Shonan plants in Japan, leaving only three active car assembly factories in the country. It is also reviewing closures in South Africa, India, Argentina, and possibly two factories in Mexico. […]
Nissan
Japan court jails US duo over Ghosn escape
An American father-son duo who helped former Nissan chief Carlos Ghosn flee Japan were sentenced to 20 months and two years in prison by a Tokyo court on Monday. The sentences are the first to be handed down in Japan in the Nissan saga, which began with former auto tycoon Ghosn’s shock arrest in 2018 […]
Nissan announces first UK battery gigafactory, new electric car
Japanese auto giant Nissan on Thursday announced plans to build the UK’s first car-battery “gigafactory”, where it will build a new electric vehicle. Prime Minister Boris Johnson hailed the post-Brexit investment totalling £1.0 billion ($1.4 billion, 1.2 billion euros), which is set to create 6,200 jobs, as “a major vote of confidence in the UK”. […]
Crisis-hit Nissan shakes up board, keeps boss
Japanese car giant Nissan shook up its executive board Friday, adding a top director from partner Renault as it battles the fallout from the Carlos Ghosn saga and disappointing results. The firm will propose to shareholders a new board structure with 11 members, six of whom will be external, as Nissan attempts to improve corporate […]
Nissan shareholders sack ex-chief Ghosn
Nissan shareholders voted Monday to eject Carlos Ghosn from the board, as the detained former chairman fights multiple financial misconduct charges that have landed him in custody. The extraordinary shareholders’ meeting at a Tokyo hotel was the first such gathering since the stunning arrest of the 65-year-old auto sector titan on November 19. And its […]
Renault aims to restart Nissan merger talks within 12 months
France’s Renault SA intends to restart merger talks with Japan’s Nissan Motor Co. Ltd. within 12 months, after which it will set sight on a bid to buy Fiat Chrysler Automobiles NV, the Financial Times reported on Wednesday. The plans signal a return to the strategies supported by former Nissan boss Carlos Ghosn who held […]