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New Straits Times
16-07-2025
- Automotive
- New Straits Times
Nissan to halt production at Oppama plant
TOKYO: Struggling auto giant Nissan Motor Co Ltd said yesterday it will stop production at its plant in Oppama at the end of its 2027 fiscal year. Nissan posted a net loss of 671 billion yen last year and it has said it would cut 15 per cent of its global workforce. "The company will cease vehicle production at the Oppama plant at the end of fiscal year 2027," Nissan said. Production at the plant outside of Yokohama will be shifted to another existing factory on Kyushu, it said. One of Nissan's six domestic plants, Oppama employed about 3,900 people up to October last year and began operations in 1961, according to its website. It was a "pioneer in the production of advanced vehicles, such as the Nissan LEAF, the world's first mass-market electric vehicle", it said. The heavily indebted carmaker, whose mooted merger with Japanese rival Honda Motor Co Ltd collapsed this year, is slashing production as part of its expensive business turnaround plan. Nissan said in May it would "consolidate its vehicle production plants from 17 to 10 by fiscal year 2027." Like many peers, Nissan is finding it hard to compete against Chinese electric vehicle brands. The merger with Honda had been seen as a potential lifeline, but talks collapsed in February when the latter proposed making Nissan a subsidiary. Nissan has faced speed bumps in recent years — including the 2018 arrest of former boss Carlos Ghosn, who later fled Japan concealed in an audio equipment box. Ratings agencies have downgraded the firm to "junk", with Moody's citing its "weak profitability" and "ageing model portfolio". This year Nissan shelved plans, only recently agreed, to build a US$1-billion battery plant in southern Japan owing to the tough "business environment". Of Japan's major automakers, Nissan is seen as the most exposed to US President Donald Trump's 25 per cent tariff imposed on imported Japanese vehicles earlier this year. This is because its clientele has historically been more price-sensitive than that of its rivals, according to experts.
Japan Today
15-07-2025
- Automotive
- Japan Today
Skidding Nissan to halt production at Oppama plant in Kanagawa Prefecture
Nissan posted a net loss of 671 billion yen ($4.5 billion) last year and it has said it will cut 15 percent of its global workforce Struggling auto giant Nissan said Tuesday it will stop production at its plant at Oppama in Yokosuka, Kanagawa Prefecture, at the end of its 2027 fiscal year. Nissan posted a net loss of 671 billion yen last year and it has said it will cut 15 percent of its global workforce. "The company will cease vehicle production at the Oppama plant at the end of fiscal year 2027," Nissan said in a statement. Production of the plant outside of Yokahama will be shifted to another existing factory in Fukuoka Prefecture, Kyushu, it said. One of Nissan's six domestic plants, Oppama employed around 3,900 people as of October 2024 and began operations in 1961, according to the company's website. It was a "pioneer in the production of advanced vehicles, such as the Nissan LEAF, the world's first mass-market electric vehicle," it said. The heavily indebted carmaker, whose mooted merger with Japanese rival Honda collapsed this year, is slashing production as part of its expensive business turnaround plan. Nissan said in May it would "consolidate its vehicle production plants from 17 to 10 by fiscal year 2027". Like many peers, Nissan is finding it difficult to compete against Chinese electric vehicle brands. The merger with Honda had been seen as a potential lifeline but talks collapsed in February when the latter proposed making Nissan a subsidiary. Nissan has faced numerous speed bumps in recent years -- including the 2018 arrest of former boss Carlos Ghosn, who later fled Japan concealed in an audio equipment box. Ratings agencies have downgraded the firm to junk, with Moody's citing its "weak profitability" and "aging model portfolio". This year Nissan shelved plans, only recently agreed, to build a $1-billion battery plant in southern Japan owing to the tough "business environment". Of Japan's major automakers, Nissan is seen as the most exposed to US President Donald Trump's 25-percent tariff imposed on imported Japanese vehicles earlier this year. This is because its clientele has historically been more price-sensitive than that of its rivals, according to experts. One potential solution for Nissan could be Taiwanese electronics behemoth Hon Hai, better known as Foxconn, which assembles iPhones and is expanding into cars. Foxconn said in February it was open to buying Renault's stake in Nissan. © 2025 AFP
Yahoo
15-07-2025
- Automotive
- Yahoo
Skidding Nissan to halt production at Japanese plant
Struggling auto giant Nissan said Tuesday it will stop production at its plant at Oppama in Japan at the end of its 2027 fiscal year. Nissan posted a net loss of 671 billion yen ($4.5 billion) last year and it has said it will cut 15 percent of its global workforce. "The company will cease vehicle production at the Oppama plant at the end of fiscal year 2027," Nissan said in a statement. Production of the plant outside of Yokahama will be shifted to another existing factory on the southern Japanese island of Kyushu, it said. One of Nissan's six domestic plants, Oppama exmployed around 3,900 people as of October 2024 and began operations in 1961, according to the company's website. It was a "pioneer in the production of advanced vehicles, such as the Nissan LEAF, the world's first mass-market electric vehicle," it said. The heavily indebted carmaker, whose mooted merger with Japanese rival Honda collapsed this year, is slashing production as part of its expensive business turnaround plan. Nissan said in May it would "consolidate its vehicle production plants from 17 to 10 by fiscal year 2027". Like many peers, Nissan is finding it difficult to compete against Chinese electric vehicle brands. The merger with Honda had been seen as a potential lifeline but talks collapsed in February when the latter proposed making Nissan a subsidiary. Nissan has faced numerous speed bumps in recent years -- including the 2018 arrest of former boss Carlos Ghosn, who later fled Japan concealed in an audio equipment box. Ratings agencies have downgraded the firm to junk, with Moody's citing its "weak profitability" and "ageing model portfolio". This year Nissan shelved plans, only recently agreed, to build a $1-billion battery plant in southern Japan owing to the tough "business environment". Of Japan's major automakers, Nissan is seen as the most exposed to US President Donald Trump's 25-percent tariff imposed on imported Japanese vehicles earlier this year. This is because its clientele has historically been more price-sensitive than that of its rivals, according to experts. One potential solution for Nissan could be Taiwanese electronics behemoth Hon Hai, better known as Foxconn, which assembles iPhones and is expanding into cars. Foxconn said in February it was open to buying Renault's stake in Nissan. stu/hmn Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Times
15-07-2025
- Automotive
- Business Times
Nissan to halt production at Japanese plant at Oppama
[TOKYO] Struggling auto giant Nissan said on Tuesday (Jul 15) it will stop production at its plant at Oppama in Japan at the end of its 2027 fiscal year. Nissan posted a net loss of US$4.5 billion last year, and it has said it will cut 15 per cent of its global workforce. 'The company will cease vehicle production at the Oppama plant at the end of fiscal year 2027,' Nissan said in a statement. Production of the plant outside of Yokahama will be shifted to another existing factory on the southern Japanese island of Kyushu, it said. One of Nissan's six domestic plants, Oppama employed around 3,900 people as of October 2024 and began operations in 1961, according to the company's website. It was a 'pioneer in the production of advanced vehicles, such as the Nissan LEAF, the world's first mass-market electric vehicle,' it said. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The heavily indebted carmaker, whose mooted merger with Japanese rival Honda collapsed this year, is slashing production as part of its expensive business turnaround plan. Nissan said in May it would 'consolidate its vehicle production plants from 17 to 10 by fiscal year 2027'. Like many peers, Nissan is finding it difficult to compete against Chinese electric vehicle brands. The merger with Honda had been seen as a potential lifeline but talks collapsed in February when the latter proposed making Nissan a subsidiary. Nissan has faced numerous speed bumps in recent years – including the 2018 arrest of former boss Carlos Ghosn, who later fled Japan concealed in an audio equipment box. Ratings agencies have downgraded the firm to junk, with Moody's citing its 'weak profitability' and 'ageing model portfolio'. This year Nissan shelved plans, only recently agreed, to build a US$1-billion battery plant in southern Japan owing to the tough 'business environment'. Of Japan's major automakers, Nissan is seen as the most exposed to US President Donald Trump's 25-per cent tariff imposed on imported Japanese vehicles earlier this year. This is because its clientele has historically been more price-sensitive than that of its rivals, according to experts. One potential solution for Nissan could be Taiwanese electronics behemoth Hon Hai, better known as Foxconn, which assembles iPhones and is expanding into cars. Foxconn said in February it was open to buying Renault's stake in Nissan. AFP
The Sun
15-07-2025
- Automotive
- The Sun
Nissan to halt Oppama plant production by 2027 amid restructuring
TOKYO: Struggling automaker Nissan has confirmed it will cease production at its Oppama plant in Japan by the end of fiscal year 2027. The decision follows a net loss of 671 billion yen ($4.5 billion) last year and plans to reduce its global workforce by 15 percent. 'The company will cease vehicle production at the Oppama plant at the end of fiscal year 2027,' Nissan stated. Operations from the Yokohama-area facility will be relocated to an existing factory in Kyushu. Established in 1961, Oppama is one of Nissan's six domestic plants and currently employs around 3,900 workers. It played a key role in producing the Nissan LEAF, the world's first mass-market electric vehicle. The move is part of Nissan's broader restructuring strategy, which includes reducing its global production plants from 17 to 10 by 2027. The automaker faces mounting challenges, including competition from Chinese EV brands and a failed merger with Honda earlier this year. Nissan's financial woes have been exacerbated by weak profitability and an aging model lineup, leading to junk status ratings from agencies like Moody's. The company also shelved plans for a $1-billion battery plant in Japan due to a tough business environment. Experts note Nissan's vulnerability to U.S. tariffs on Japanese vehicles, given its price-sensitive customer base. Potential partnerships, such as with Foxconn, could offer a lifeline as the company seeks stability. - AFP
