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Nissan considering selling HQ to fund plant closures

Nissan considering selling HQ to fund plant closures

The Advertiser27-05-2025

Nissan may sell off its global headquarters in Yokohama, Japan to help finance the costs it will incur to close down seven factories and axe 20,000 jobs worldwide.
According to the Nikkei, the company has placed its headquarters in Yokohama on the list of assets it might sell by the end of March 2026.
Nissan's HQ is located on the banks on the Katabira River, only a few minutes walk from Yokohama station. Thanks to its prime location, it is estimated to be worth around ¥100 billion (A$1.07 billion).
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
The current HQ was opened in 2009 when then-CEO Carlos Ghosn relocated the company's headquarters from Tokyo back to its spiritual home in Yokohama. The building contains an extensive gallery showcasing some of the automaker's most iconic models, race cars, and concepts.
It's unclear if Nissan would move out of its current headquarters, or whether it would lease it back from its new owner. So-called lease back arrangements are common for companies undergoing financial stress, or those wishing to gain a pot of cash to fund certain projects.
Money raised by the sale of the building and property would be used to pay for restructuring costs related to Nissan's upcoming plant closures and workforce reduction.
The automaker said restructuring costs are expected to be ¥60 billion (A$640 million) in this current financial year alone.
Nissan has been skating on thin financial ice for the last year-and-a-bit. Earlier this month it announced a loss of ¥670.9 billion (A$7.1 billion) for the financial year ending March 2025.
In response, new Nissan CEO Ivan Espinosa unveiled a recovery plan dubbed Re:Nissan, which will see the company reduce its factory count from 17 to 10, and cut its global workforce by 15 per cent or 20,000 people, both by March 2028.
A recent report indicates plants in Japan, Mexico, South Africa, Argentina and India are facing the axe. The company's plant in the UK, which produces the Qashqai and Juke compact SUVs, has been ruled safe, and the head of Nissan Oceania is "quietly optimistic" about the long-term future of Nissan's parts factory in Dandenong, Victoria.
As part of the company's latest turnaround plan, Nissan will renegotiate its deals with suppliers, cut down on platforms, and reduce development times.
It has also set up a cost-cutting "transformation office" with an initial staff of 300 experts who have been "empowered to make cost decisions". On top of this, development of vehicles and technology due for launch after March 2027 has been paused in order to allocate 3000 people to find more savings.
MORE: Everything Nissan
Content originally sourced from: CarExpert.com.au
Nissan may sell off its global headquarters in Yokohama, Japan to help finance the costs it will incur to close down seven factories and axe 20,000 jobs worldwide.
According to the Nikkei, the company has placed its headquarters in Yokohama on the list of assets it might sell by the end of March 2026.
Nissan's HQ is located on the banks on the Katabira River, only a few minutes walk from Yokohama station. Thanks to its prime location, it is estimated to be worth around ¥100 billion (A$1.07 billion).
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
The current HQ was opened in 2009 when then-CEO Carlos Ghosn relocated the company's headquarters from Tokyo back to its spiritual home in Yokohama. The building contains an extensive gallery showcasing some of the automaker's most iconic models, race cars, and concepts.
It's unclear if Nissan would move out of its current headquarters, or whether it would lease it back from its new owner. So-called lease back arrangements are common for companies undergoing financial stress, or those wishing to gain a pot of cash to fund certain projects.
Money raised by the sale of the building and property would be used to pay for restructuring costs related to Nissan's upcoming plant closures and workforce reduction.
The automaker said restructuring costs are expected to be ¥60 billion (A$640 million) in this current financial year alone.
Nissan has been skating on thin financial ice for the last year-and-a-bit. Earlier this month it announced a loss of ¥670.9 billion (A$7.1 billion) for the financial year ending March 2025.
In response, new Nissan CEO Ivan Espinosa unveiled a recovery plan dubbed Re:Nissan, which will see the company reduce its factory count from 17 to 10, and cut its global workforce by 15 per cent or 20,000 people, both by March 2028.
A recent report indicates plants in Japan, Mexico, South Africa, Argentina and India are facing the axe. The company's plant in the UK, which produces the Qashqai and Juke compact SUVs, has been ruled safe, and the head of Nissan Oceania is "quietly optimistic" about the long-term future of Nissan's parts factory in Dandenong, Victoria.
As part of the company's latest turnaround plan, Nissan will renegotiate its deals with suppliers, cut down on platforms, and reduce development times.
It has also set up a cost-cutting "transformation office" with an initial staff of 300 experts who have been "empowered to make cost decisions". On top of this, development of vehicles and technology due for launch after March 2027 has been paused in order to allocate 3000 people to find more savings.
MORE: Everything Nissan
Content originally sourced from: CarExpert.com.au
Nissan may sell off its global headquarters in Yokohama, Japan to help finance the costs it will incur to close down seven factories and axe 20,000 jobs worldwide.
According to the Nikkei, the company has placed its headquarters in Yokohama on the list of assets it might sell by the end of March 2026.
Nissan's HQ is located on the banks on the Katabira River, only a few minutes walk from Yokohama station. Thanks to its prime location, it is estimated to be worth around ¥100 billion (A$1.07 billion).
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
The current HQ was opened in 2009 when then-CEO Carlos Ghosn relocated the company's headquarters from Tokyo back to its spiritual home in Yokohama. The building contains an extensive gallery showcasing some of the automaker's most iconic models, race cars, and concepts.
It's unclear if Nissan would move out of its current headquarters, or whether it would lease it back from its new owner. So-called lease back arrangements are common for companies undergoing financial stress, or those wishing to gain a pot of cash to fund certain projects.
Money raised by the sale of the building and property would be used to pay for restructuring costs related to Nissan's upcoming plant closures and workforce reduction.
The automaker said restructuring costs are expected to be ¥60 billion (A$640 million) in this current financial year alone.
Nissan has been skating on thin financial ice for the last year-and-a-bit. Earlier this month it announced a loss of ¥670.9 billion (A$7.1 billion) for the financial year ending March 2025.
In response, new Nissan CEO Ivan Espinosa unveiled a recovery plan dubbed Re:Nissan, which will see the company reduce its factory count from 17 to 10, and cut its global workforce by 15 per cent or 20,000 people, both by March 2028.
A recent report indicates plants in Japan, Mexico, South Africa, Argentina and India are facing the axe. The company's plant in the UK, which produces the Qashqai and Juke compact SUVs, has been ruled safe, and the head of Nissan Oceania is "quietly optimistic" about the long-term future of Nissan's parts factory in Dandenong, Victoria.
As part of the company's latest turnaround plan, Nissan will renegotiate its deals with suppliers, cut down on platforms, and reduce development times.
It has also set up a cost-cutting "transformation office" with an initial staff of 300 experts who have been "empowered to make cost decisions". On top of this, development of vehicles and technology due for launch after March 2027 has been paused in order to allocate 3000 people to find more savings.
MORE: Everything Nissan
Content originally sourced from: CarExpert.com.au
Nissan may sell off its global headquarters in Yokohama, Japan to help finance the costs it will incur to close down seven factories and axe 20,000 jobs worldwide.
According to the Nikkei, the company has placed its headquarters in Yokohama on the list of assets it might sell by the end of March 2026.
Nissan's HQ is located on the banks on the Katabira River, only a few minutes walk from Yokohama station. Thanks to its prime location, it is estimated to be worth around ¥100 billion (A$1.07 billion).
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
The current HQ was opened in 2009 when then-CEO Carlos Ghosn relocated the company's headquarters from Tokyo back to its spiritual home in Yokohama. The building contains an extensive gallery showcasing some of the automaker's most iconic models, race cars, and concepts.
It's unclear if Nissan would move out of its current headquarters, or whether it would lease it back from its new owner. So-called lease back arrangements are common for companies undergoing financial stress, or those wishing to gain a pot of cash to fund certain projects.
Money raised by the sale of the building and property would be used to pay for restructuring costs related to Nissan's upcoming plant closures and workforce reduction.
The automaker said restructuring costs are expected to be ¥60 billion (A$640 million) in this current financial year alone.
Nissan has been skating on thin financial ice for the last year-and-a-bit. Earlier this month it announced a loss of ¥670.9 billion (A$7.1 billion) for the financial year ending March 2025.
In response, new Nissan CEO Ivan Espinosa unveiled a recovery plan dubbed Re:Nissan, which will see the company reduce its factory count from 17 to 10, and cut its global workforce by 15 per cent or 20,000 people, both by March 2028.
A recent report indicates plants in Japan, Mexico, South Africa, Argentina and India are facing the axe. The company's plant in the UK, which produces the Qashqai and Juke compact SUVs, has been ruled safe, and the head of Nissan Oceania is "quietly optimistic" about the long-term future of Nissan's parts factory in Dandenong, Victoria.
As part of the company's latest turnaround plan, Nissan will renegotiate its deals with suppliers, cut down on platforms, and reduce development times.
It has also set up a cost-cutting "transformation office" with an initial staff of 300 experts who have been "empowered to make cost decisions". On top of this, development of vehicles and technology due for launch after March 2027 has been paused in order to allocate 3000 people to find more savings.
MORE: Everything Nissan
Content originally sourced from: CarExpert.com.au

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Completing the Speed package inside is a revised digital instrument cluster layout, Speed badging on the seats, scuff plates and the passenger side of the dashboard, and special quilted Precision Diamon trim highlights. Australian pricing is yet to be confirmed, but the existing Bentayga Speed is priced at $531,500 before on-road costs, positioning it well above the entry-level 404kW/770Nm Bentayga V8 and the 340kW/700Nm V6 Hybrid (both priced from $395,800), as well as S and Azure variants with the same powertrains. The Mulliner Hybrid tops Bentley Australia's current Bentayga range at $646,800 plus on-roads. Content originally sourced from: It seems the axing of Bentley's legendary twin-turbocharged 6.0-litre W12 last year wasn't all bad news, since the V8 that replaces it in the upgraded 2026 Bentley Bentayga Speed makes the British brand's flagship SUV even quicker, faster, lighter and more agile than before. 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However, it's still slower than a host of other high-performance SUVs, including the Lamborghini Urus Performante, Ferrari Purosangue and Aston Martin DBX707 (all of which claim a 3.3-second 0-100km/h time), and electric SUVs including the Lotus Eletre R (2.9s), Porsche Macan Electric Turbo (3.3s) and Hyundai Ioniq 5 N (3.4s) Bentley says the newest Bentayga Speed is also faster than ever, with its top speed of 310km/h – almost 5km/h more than before – matching the DBX707 and bettering the Purosangue, but falling just short of the Urus SE Hybrid. To show off its extra pace, the V8-powered Speed scores a sports exhaust system as standard, but an optional Akrapovic titanium unit with quad outlets should make up for its four fewer cylinders when it comes to the exhaust note. There are also revised drive modes including a Sport mode that increases damping stiffness by 15 per cent and increases the stability control system threshold to "permit exhilarating drift angles". Combined with less weight over its nose, rear-wheel steering increases both high-speed stability and low-speed manoeuvrability, leading Bentley to claim the Speed is its most agile SUV ever. Cosmetically, the top-shelf Bentayga wears Speed badges on the outside and rides on unique 22-inch wheels, with the option of 23-inch rims wrapped around carbon-ceramic brake rotors. Completing the Speed package inside is a revised digital instrument cluster layout, Speed badging on the seats, scuff plates and the passenger side of the dashboard, and special quilted Precision Diamon trim highlights. Australian pricing is yet to be confirmed, but the existing Bentayga Speed is priced at $531,500 before on-road costs, positioning it well above the entry-level 404kW/770Nm Bentayga V8 and the 340kW/700Nm V6 Hybrid (both priced from $395,800), as well as S and Azure variants with the same powertrains. The Mulliner Hybrid tops Bentley Australia's current Bentayga range at $646,800 plus on-roads. Content originally sourced from: It seems the axing of Bentley's legendary twin-turbocharged 6.0-litre W12 last year wasn't all bad news, since the V8 that replaces it in the upgraded 2026 Bentley Bentayga Speed makes the British brand's flagship SUV even quicker, faster, lighter and more agile than before. Revealed overnight ahead of first Australian customer deliveries in the third quarter (July to September) of 2026, the refreshed Bentayga Speed is powered by a twin-turbo 4.0-litre V8 that produces 478kW of power and 850Nm of torque (over 2250-4500rpm). That's up 11kW but down 50Nm on the 12-cylinder model it replaces, yet because the V8 reduces kerb weight by 42kg to a still-hefty 2466kg, the latest Bentayga Speed is claimed to hit 60mph (97km/h) from standstill half a second sooner, in 3.4 seconds. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Given that 0-60mph time equates to a 0-100km/h time of about 3.5 seconds, it means the flagship version of Bentley's only SUV is now as quick as the Mercedes-AMG GLC 63 S E-Performance plug-in hybrid (PHEV) SUV and the Kia EV6 GT electric 'SUV' (and now much quicker than a base Porsche 911). However, it's still slower than a host of other high-performance SUVs, including the Lamborghini Urus Performante, Ferrari Purosangue and Aston Martin DBX707 (all of which claim a 3.3-second 0-100km/h time), and electric SUVs including the Lotus Eletre R (2.9s), Porsche Macan Electric Turbo (3.3s) and Hyundai Ioniq 5 N (3.4s) Bentley says the newest Bentayga Speed is also faster than ever, with its top speed of 310km/h – almost 5km/h more than before – matching the DBX707 and bettering the Purosangue, but falling just short of the Urus SE Hybrid. To show off its extra pace, the V8-powered Speed scores a sports exhaust system as standard, but an optional Akrapovic titanium unit with quad outlets should make up for its four fewer cylinders when it comes to the exhaust note. There are also revised drive modes including a Sport mode that increases damping stiffness by 15 per cent and increases the stability control system threshold to "permit exhilarating drift angles". Combined with less weight over its nose, rear-wheel steering increases both high-speed stability and low-speed manoeuvrability, leading Bentley to claim the Speed is its most agile SUV ever. Cosmetically, the top-shelf Bentayga wears Speed badges on the outside and rides on unique 22-inch wheels, with the option of 23-inch rims wrapped around carbon-ceramic brake rotors. Completing the Speed package inside is a revised digital instrument cluster layout, Speed badging on the seats, scuff plates and the passenger side of the dashboard, and special quilted Precision Diamon trim highlights. Australian pricing is yet to be confirmed, but the existing Bentayga Speed is priced at $531,500 before on-road costs, positioning it well above the entry-level 404kW/770Nm Bentayga V8 and the 340kW/700Nm V6 Hybrid (both priced from $395,800), as well as S and Azure variants with the same powertrains. The Mulliner Hybrid tops Bentley Australia's current Bentayga range at $646,800 plus on-roads. Content originally sourced from: It seems the axing of Bentley's legendary twin-turbocharged 6.0-litre W12 last year wasn't all bad news, since the V8 that replaces it in the upgraded 2026 Bentley Bentayga Speed makes the British brand's flagship SUV even quicker, faster, lighter and more agile than before. Revealed overnight ahead of first Australian customer deliveries in the third quarter (July to September) of 2026, the refreshed Bentayga Speed is powered by a twin-turbo 4.0-litre V8 that produces 478kW of power and 850Nm of torque (over 2250-4500rpm). That's up 11kW but down 50Nm on the 12-cylinder model it replaces, yet because the V8 reduces kerb weight by 42kg to a still-hefty 2466kg, the latest Bentayga Speed is claimed to hit 60mph (97km/h) from standstill half a second sooner, in 3.4 seconds. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Given that 0-60mph time equates to a 0-100km/h time of about 3.5 seconds, it means the flagship version of Bentley's only SUV is now as quick as the Mercedes-AMG GLC 63 S E-Performance plug-in hybrid (PHEV) SUV and the Kia EV6 GT electric 'SUV' (and now much quicker than a base Porsche 911). However, it's still slower than a host of other high-performance SUVs, including the Lamborghini Urus Performante, Ferrari Purosangue and Aston Martin DBX707 (all of which claim a 3.3-second 0-100km/h time), and electric SUVs including the Lotus Eletre R (2.9s), Porsche Macan Electric Turbo (3.3s) and Hyundai Ioniq 5 N (3.4s) Bentley says the newest Bentayga Speed is also faster than ever, with its top speed of 310km/h – almost 5km/h more than before – matching the DBX707 and bettering the Purosangue, but falling just short of the Urus SE Hybrid. To show off its extra pace, the V8-powered Speed scores a sports exhaust system as standard, but an optional Akrapovic titanium unit with quad outlets should make up for its four fewer cylinders when it comes to the exhaust note. There are also revised drive modes including a Sport mode that increases damping stiffness by 15 per cent and increases the stability control system threshold to "permit exhilarating drift angles". Combined with less weight over its nose, rear-wheel steering increases both high-speed stability and low-speed manoeuvrability, leading Bentley to claim the Speed is its most agile SUV ever. Cosmetically, the top-shelf Bentayga wears Speed badges on the outside and rides on unique 22-inch wheels, with the option of 23-inch rims wrapped around carbon-ceramic brake rotors. Completing the Speed package inside is a revised digital instrument cluster layout, Speed badging on the seats, scuff plates and the passenger side of the dashboard, and special quilted Precision Diamon trim highlights. Australian pricing is yet to be confirmed, but the existing Bentayga Speed is priced at $531,500 before on-road costs, positioning it well above the entry-level 404kW/770Nm Bentayga V8 and the 340kW/700Nm V6 Hybrid (both priced from $395,800), as well as S and Azure variants with the same powertrains. The Mulliner Hybrid tops Bentley Australia's current Bentayga range at $646,800 plus on-roads. Content originally sourced from:

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