Nissan is considering sale of European plants

2020 Nissan Versa, Nissan 2020 Versa

Nissan Motor is thinking about selling two of its European plants as the Japanese automaker experiences falling sales in the region and an industry shift toward electric cars, according to a report by Bloomberg on Thursday.

The automaker is now reaching out to possible buyers for its factories in the UK and Spain, the report stated, citing people knowledgeable with the matter.

“At this time, we have no plans to sell those plants in Europe,” the company stated in an email statement according to Reuters.

Nissan is likely to get rid of its Datsun brand, drop some unprofitable products and close some assembly lines globally, as it seeks to increase profits by getting smaller, Reuters reported on Wednesday mentioning two company sources with direct knowledge of the matter.

All markets with factories other than China were being looked at for possible reductions in production capacity, one of the sources informed Reuters. However, there were no strategies to close an entire plant or withdraw entirely from any nation, the source added.

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