Nissan to decrease presence in Europe as part of turnaround plan

by SpeedLux
Nissan EV Ariya SUV

Nissan Motor is planning to further decrease its presence in Europe and outsource the sales and manufacturing of its vehicles to alliance partner Renault, the daily Yomiuri newspaper reported on Friday.

As part of its worldwide turnaround plan, which is reversing a rapid expansion led by the ousted former chairman, Carlos Ghosn, Nissan will slash its distribution channels in thirty nations, mainly in East Europe. It is also planning to shut down its Avila plant in Spain and convert it into a warehouse, the report added.

The report didn’t provide information about the scale of the outsourcing.

The Japanese automaker is currently moving its operations away from Europe and moving its focus to China, the United States, and Japan.

Nissan, which expects to post a record operating loss of 340 billion yen ($3.25 billion) in the year to March 31, is slashing production capacity and model numbers by a fifth and aims to cut operating expenses by 300 billion yen over three years.

The automaker’s three-way alliance with Renault and Mitsubishi Motor was plunged into uncertainty in 2018 after the arrest of Ghosn on financial misconduct charges, which he rejects. He later fled from Japan to Lebanon while being monitored by law enforcement and awaiting trial at his residence.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More