Flailing car brand will shut giant factory FOREVER after slumping to £40million loss and cutting 2,400 jobs
The closure comes as
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A major car brand has announced plans to accelerate a factory's closure
Credit: PA
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The company has been battling with rising debts
Credit: Getty
Nissan has been
Despite saying that the Civac Plant in Morelos and the Cooperation Manufacturing Plant Aguascalientes (COMPAS) were slated to close in 2027, the company has now accelerated plans to shutter the Civac factory.
The site will now close in 2026 and production will be moved from the site to the Auguascalientes factory - which is 300 miles away - on July 26.
Read More on Car News
Ahead of the closure,
'Today, we have made the difficult but necessary decision that will allow us to become more efficient, more competitive, and more sustainable.
'Throughout this transition, we remain deeply appreciative of the invaluable contributions made by our collaborators at the CIVAC Plant.
'Their dedication over the years has been instrumental to our success.
Most read in Motors
'I take this opportunity to reaffirm our commitment to our employees, customers, and to Mexico, which remains a strategic pillar for our company.'
The Navara and Latin America Frontier pickups are produced at the Civac site.
Final days for Nissan drivers to claim $5k from 'defect' settlement – you can get multiple payouts by filling in form
The news comes as
The company is also looking at a huge $4.5 billion in debt.
However, the British Government
The firm is looking to trim its number of factories down from 17 to just 10.
As a result, the total job losses worldwide could number as high as 20,000.
The UK government hopes the lifeline will protect thousands of jobs at the Sunderland factory.
Nissan has also
announced plans to close its flagship factory in the Kanagawa Prefecture, south of
Tokyo
.
Nissan has been battling with falling vehicle sales in China, huge restructuring costs and US President Donald Trump's
international tariff war
.
Trump's tariffs
have raised the cost of importing vehicles, causing car sales of many different brands to nosedive across the world.
As a result, international car brands have been struggling as the cost of exporting soars.
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Two plants will be closed in Mexico
Credit: Getty
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