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Qatar Tribune
9 hours ago
- Automotive
- Qatar Tribune
Struggling Nissan to shut its Oppama plant in Japan to cut costs
Agencies Nissan is set to close its flagship factory in Oppama, Japan, to cut costs, while it will move all its production from that area to another plant in southwestern Japan, the struggling company said on Tuesday. Vehicle production at the Oppama plant in Kanagawa Prefecture, south of Tokyo, will end at the end of the 2027 fiscal year, in March 2028, the Japanese automaker said. After that, all models that have been made or scheduled for production at Oppama will be manufactured at Nissan Motor Kyushu, located in Fukuoka Prefecture. The Oppama plant has been a prized symbol for Nissan Motor Corp., which rolled out its Leaf electric car there in 2010, ahead of key rivals. Chief executive Ivan Espinosa, who took on the job in April, said the decision was extremely difficult, calling the Oppama plant 'an icon for Nissan.' He promised employees that they would be treated fairly and responsibly, with transfer offers to other locations or alternative work in the area, in consultation with the labor union. The plant now employs 2,400 people. 'I believe it's a vital step toward overcoming our current challenges and building a sustainable future,' he said. 'The world is changing by the minute' 'The world is changing by the minute,' he told reporters at a hastily called news conference at Nissan's Yokohama headquarters. Espinosa said the company was in talks about possibly selling the factory land or using it for another purpose. He declined to give details. Even if a buyer is not found, the decision on ending production will not change, he added. The plant's closure was expected, as the maker of the Infiniti luxury models and the March subcompact has repeatedly stated that it is restructuring its operations to boost profitability, including by consolidating production sites. Nissan says the tariff policies of President Donald Trump have hurt its bottom line. Earlier this year, Nissan announced it was slashing approximately 15% of its global workforce, or around 20,000 employees, which would include a 9,000 headcount reduction announced late last year, including in China. The company has been racking up losses, hurt by slipping vehicle sales in China and elsewhere, huge restructuring costs and ballooning inventories.
Scottish Sun
16 hours ago
- Automotive
- Scottish Sun
Huge crisis-hit car brand to shut its flagship factory with 2,400 workers in ‘tough but necessary decision'
The move is part of the company's aim to restructure its business in order to turnaround its fortunes SKIDDING HALT Huge crisis-hit car brand to shut its flagship factory with 2,400 workers in 'tough but necessary decision' Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A STRUGGLING car manufacturer is to shut its flagship factory which employs 2,400 workers, with its boss calling it a 'tough but necessary decision'. Vehicle production at Nissan's Oppama plant in Kanagawa Prefecture south of Tokyo, will end at the end of the 2027 fiscal year, in March 2028, the Japanese automaker said today. Sign up for Scottish Sun newsletter Sign up 2 A worker assembles a vehicle on the production line of Nissan's Oppama plant in Yokosuka, Japan (file image) Credit: Getty After that, all models that had been made or scheduled for production at Oppama will be made at Nissan Motor Kyushu, in Fukuoka Prefecture. The Oppama plant has been a prized symbol for Nissan Motor Corp., which rolled out its Leaf electric car there in 2010, ahead of key rivals. Chief Executive Ivan Espinosa, who took on the job in April, said the decision was extremely difficult, calling the Oppama plant an icon for Nissan. He promised employees will be treated fairly and responsibly, with transfer offers to other locations, or other work in the area in consultation with the trade union. The plant now employs 2,400 people. 'I believe it's a vital step toward overcoming our current challenges and building a sustainable future,' he said. 'The world is changing by the minute,' he told reporters at a news conference at Nissan's Yokohama headquarters. Espinosa said the company was in talks on possibly selling the factory land, or using it for another purpose. He declined to give details. Even if a buyer is not found, the decision on ending production will not change, he added. New Nissan Leaf tested - it's bigger, better and goes further The plant's closure was expected, as the maker of the Infiniti luxury models and March subcompact has said repeatedly that it is restructuring its operations to boost its profitability, including by consolidating production sites. Nissan says the tariff policies of US President Donald Trump have hurt its bottom line. Earlier this year, Nissan said it was slashing about 15% of its global work force, or about 20,000 employees, which would include a 9,000 head count reduction announced late last year, including in China. The company has been racking up losses, hurt by slipping vehicle sales in China and elsewhere, huge restructuring costs and ballooning inventories. Earlier this year, Nissan said it's reducing the number of its auto plants to 10 from 17 to create a leaner, more resilient business. At that time, it didn't say which plants were being closed but confirmed the closures will include factories in Japan. It's also reducing production capacity to 2.5 million units from 3.5 million. The latest announcement concludes the production closures in Japan, according to Espinosa. Nissan racked up a loss of 670.9 billion yen (£3.36 billion) for the fiscal year through March, down from a 426.6 billion yen (£2.14 billion) profit recorded in the previous fiscal year. Espinosa replaced Makoto Uchida, who stepped down to take responsibility for the faltering results.
The Irish Sun
16 hours ago
- Automotive
- The Irish Sun
Huge crisis-hit car brand to shut its flagship factory with 2,400 workers in ‘tough but necessary decision'
A STRUGGLING car manufacturer is to shut its flagship factory which employs 2,400 workers, with its boss calling it a 'tough but necessary decision'. Vehicle production at Nissan's Oppama plant in Kanagawa Prefecture south of Tokyo, will end at the end of the 2027 fiscal year, in March 2028, the Japanese automaker said today. 2 A worker assembles a vehicle on the production line of Nissan's Oppama plant in Yokosuka, Japan (file image) Credit: Getty After that, all models that had been made or scheduled for production at Oppama will be made at Nissan Motor Kyushu, in Fukuoka Prefecture. The Oppama plant has been a prized symbol for Nissan Motor Corp., which rolled out its Chief Executive He promised employees will be treated fairly and responsibly, with transfer offers to other locations, or other work in the area in consultation with the trade union. Read More on Motors The plant now employs 2,400 people. 'I believe it's a vital step toward overcoming our current challenges and building a sustainable future ,' he said. 'The world is changing by the minute,' he told reporters at a news conference at Nissan's Yokohama headquarters. Espinosa said the company was in talks on possibly selling the factory land, or using it for another purpose. Most read in Motors He declined to give details. Even if a buyer is not found, the decision on ending production will not change, he added. New Nissan Leaf tested - it's bigger, better and goes further The plant's closure was expected, as the maker of the Infiniti luxury models and March subcompact has said repeatedly that it is restructuring its operations to boost its profitability, including by consolidating production sites. Nissan says the tariff policies of US President Donald Trump have hurt its bottom line. Earlier this year, Nissan said it was slashing about 15% of its global work force, or about 20,000 employees, which would include a 9,000 head count reduction announced late last year, including in China. The company has been racking up losses, hurt by slipping vehicle sales in China and elsewhere, huge restructuring costs and ballooning inventories. Earlier this year, Nissan said it's reducing the number of its auto plants to 10 from 17 to create a leaner, more resilient business. At that time, it didn't say which plants were being closed but confirmed the closures will include factories in Japan . It's also reducing production capacity to 2.5 million units from 3.5 million. The latest announcement concludes the production closures in Japan , according to Espinosa. Nissan racked up a loss of 670.9 billion yen (£3.36 billion) for the fiscal year through March, down from a 426.6 billion yen (£2.14 billion) profit recorded in the previous fiscal year. Espinosa replaced Makoto Uchida, who stepped down to take responsibility for the faltering results. 2 Nissan's electric vehicle Leaf is currently made in its Oppama factory Credit: Getty
Time of India
20 hours ago
- Automotive
- Time of India
Nissan closes its Oppama plant in Japan to cut costs
YOKOHAMA, Japan - Nissan is closing its flagship factory in Oppama, Japan, to cut costs and moving all its production there to another plant in southwestern Japan. Vehicle production at the Oppama plant in Kanagawa Prefecture south of Tokyo, will end at the end of the 2027 fiscal year, in March 2028, the Japanese automaker said Tuesday. After that, all models that had been made or scheduled for production at Oppama will be made at Nissan Motor Kyushu , in Fukuoka Prefecture. The Oppama plant has been a prized symbol for Nissan Motor Corp. , which rolled out its Leaf electric car there in 2010, ahead of key rivals. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thanh Pho Ho Chi Minh: Repossessed Houses For Sale At Prices That May Surprise You Foreclosed Homes | Search ads Search Now Undo Chief Executive Ivan Espinosa, who took on the job in April, said the decision was extremely difficult, calling the Oppama plant "an icon for Nissan." He promised employees will be treated fairly and responsibly, with transfer offers to other locations, or other work in the area in consultation with the labor union. The plant now employs 2,400 people. "I believe it's a vital step toward overcoming our current challenges and building a sustainable future," he said. Live Events "The world is changing by the minute," he told reporters at a hastily called news conference at Nissan's Yokohama headquarters. Espinosa said the company was in talks on possibly selling the factory land, or using it for another purpose. He declined to give details. Even if a buyer is not found, the decision on ending production will not change, he added. The plant's closure was expected, as the maker of the Infiniti luxury models and March subcompact has said repeatedly that it is restructuring its operations to boost its profitability, including by consolidating production sites. Nissan says the tariff policies of President Donald Trump have hurt its bottom line. Earlier this year, Nissan said it was slashing about 15% of its global work force, or about 20,000 employees, which would include a 9,000 head count reduction announced late last year, including in China. The company has been racking up losses, hurt by slipping vehicle sales in China and elsewhere, huge restructuring costs and ballooning inventories. Earlier this year, Nissan said it's reducing the number of its auto plants to 10 from 17 to "create a leaner, more resilient business." At that time, it didn't say which plants were being closed but confirmed the closures will include factories in Japan. It's also reducing production capacity to 2.5 million units from 3.5 million. The latest announcement concludes the production closures in Japan, according to Espinosa. Nissan racked up a loss of 670.9 billion yen ($4.5 billion) for the fiscal year through March, down from a 426.6 billion yen profit recorded in the previous fiscal year. Espinosa replaced Makoto Uchida, who stepped down to take responsibility for the faltering results.
Toronto Sun
21 hours ago
- Automotive
- Toronto Sun
Nissan closes its Oppama plant in Japan to cut costs
Published Jul 15, 2025 • 2 minute read This aerial photo shows Nissan Motor Co's Oppama plant in Yokosuka near Tokyo, in May 15, 2025.(Kyodo News via AP) AP YOKOHAMA, Japan (AP) — Nissan is closing its flagship factory in Oppama, Japan, to cut costs and moving all its production there to another plant in southwestern Japan. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Vehicle production at the Oppama plant in Kanagawa Prefecture south of Tokyo, will end at the end of the 2027 fiscal year, in March 2028, the Japanese automaker said Tuesday. After that, all models that had been made or scheduled for production at Oppama will be made at Nissan Motor Kyushu, in Fukuoka Prefecture. The Oppama plant has been a prized symbol for Nissan Motor Corp., which rolled out its Leaf electric car there in 2010, ahead of key rivals. Chief Executive Ivan Espinosa, who took on the job in April, said the decision was extremely difficult, calling the Oppama plant 'an icon for Nissan.' He promised employees will be treated fairly and responsibly, with transfer offers to other locations, or other work in the area in consultation with the labor union. The plant now employs 2,400 people. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'I believe it's a vital step toward overcoming our current challenges and building a sustainable future,' he said. 'The world is changing by the minute,' he told reporters at a hastily called news conference at Nissan's Yokohama headquarters. Espinosa said the company was in talks on possibly selling the factory land, or using it for another purpose. He declined to give details. Even if a buyer is not found, the decision on ending production will not change, he added. The plant's closure was expected, as the maker of the Infiniti luxury models and March subcompact has said repeatedly that it is restructuring its operations to boost its profitability, including by consolidating production sites. Nissan says the tariff policies of President Donald Trump have hurt its bottom line. Earlier this year, Nissan said it was slashing about 15% of its global work force, or about 20,000 employees, which would include a 9,000 head count reduction announced late last year, including in China. This advertisement has not loaded yet, but your article continues below. The company has been racking up losses, hurt by slipping vehicle sales in China and elsewhere, huge restructuring costs and ballooning inventories. Earlier this year, Nissan said it's reducing the number of its auto plants to 10 from 17 to 'create a leaner, more resilient business.' At that time, it didn't say which plants were being closed but confirmed the closures will include factories in Japan. It's also reducing production capacity to 2.5 million units from 3.5 million. The latest announcement concludes the production closures in Japan, according to Espinosa. Nissan racked up a loss of 670.9 billion yen ($4.5 billion) for the fiscal year through March, down from a 426.6 billion yen profit recorded in the previous fiscal year. Espinosa replaced Makoto Uchida, who stepped down to take responsibility for the faltering results. Uncategorized NHL NFL Editorials Editorial Cartoons
