Latest news with #Oppama
TimesLIVE
3 days ago
- Automotive
- TimesLIVE
Nissan offers buyouts to US workers, halts global pay rises
Cutting the US workforce runs counter to President Donald Trump's aim of creating jobs and boosting domestic manufacturing through initiatives including a 25% tariff on imported vehicles. Nissan's operating profit margin in North America including the US, its biggest market, worsened in the business year ended March, even as it sold more cars than a year before. It offered buyouts to Canton workers after launching a job cut plan in November and has followed that with another round. Analysts attributed Nissan's troubles to factors including an ageing line-up, a lack of hybrid models in the US and excessive focus on increasing output under former top executive Carlos Ghosn, whose near two-decade year tenure ended in 2018. Separately, Nissan on Tuesday said it had paid ¥646m (R80.2m) in compensation to former CEO Makoto Uchida and three other executive officers who left their positions at the end of March. Nissan has yet to disclose a full list of production sites it plans to close. At home in Japan, Oppama and one other plant are under consideration, sources told Reuters this month. Nissan has said it will consolidate Mexican and Argentinian pick-up truck production into a single Mexican site, and Renault will buy its stake in their joint Indian business. It has also said it would close a Thai plant by June. On Wednesday, Bloomberg News reported Nissan is considering raising more than ¥1-trillion from debt and asset sales which would include a syndicated loan guaranteed by the UK government.
NHK
19-05-2025
- Automotive
- NHK
Emergency prefectural govt. meeting over Nissan plant closures report
Officials in Kanagawa Prefecture near Tokyo held an emergency meeting on Monday after reports that Nissan Motor may shutter local plants. Two factories in the prefecture are reportedly included in a cost-cutting plan: Oppama plant in Yokosuka City and a subsidiary's plant in Hiratsuka City. During the emergency meeting, Kanagawa Governor Kuroiwa Yuji said that the closure of the plants would have a massive impact on the local economy and employment. The governor said he asked Nissan to try and minimize the impact. Officials say Nissan told them on Monday that nothing had been decided. The automaker aims to reduce its global workforce by 20,000 and cut seven production sites around the world by fiscal 2027. Sources say the plan includes two factories in Kanagawa prefecture. The Oppama plant has been one of Nissan's main production sites for many years. As of last October, it had a workforce of about 3,900. Businesses around the factory are worried about their futures. The manager of a boxed-lunch store says he was shocked to hear the news. Iwabuchi Norihiko said that if Nissan's workers are no longer around, his business will face a very difficult situation.
The Advertiser
19-05-2025
- Automotive
- The Advertiser
Nissan considering closing factories in Japan, Mexico, South Africa and Argentina
Last week Nissan announced a staggering ¥670.9 billion (A$7.1bn) loss, and to help turn things around the company announced it would close seven factories, leading to fevered speculation as to which plants would get the chop. According to the Re:Nissan turnaround plan announced last week, seven unnamed factories will be closed by March 2028. Sources have told Reuters the company is currently considering axing two factories in Japan, closing its plants in South Africa and Argentina, removing the factory in India from its books, and consolidating its manufacturing facilities in Mexico. 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 two Japanese factories living under the shadow of the axe are Oppama and Shonan. Oppama has a capacity of 240,000 cars per year, currently employs around 3900 people, and produces the Note and Leaf. Shonan is a joint venture commercial vehicle plant, of which Nissan owns half, with an annual production capacity of 150,000 vehicles. It employs around 1200 people, and produces the NV200 Vanette, Caravan, and AD Wagon. Should these two factories be swept away in Nissan's tide of red ink, it will leave the company with three factories in its homeland: Tochigi, and two in Kyushu. If it does close factories in Japan, it will be the first such move since 2001, when the company closed its Murayama plant under the direction of then-CEO Carlos Ghosn. According to the news agency, Nissan responded to its report and those by Japanese outlets by clarifying that it had previously committed to consolidating Latin American production of the Navara ute to one of its factories in Mexico – the ute is currently made in both Mexico and Argentina as well as Thailand (for Australia). The automaker also pointed out that Renault had committed in March this year to buying out Nissan's stake in their joint venture factory in India. This plant currently makes the Nissan Magnite and X-Trail, as well as the Renault Kwid, Kiger and Triber. Nissan has confirmed its factory in Sunderland, UK, which produces the Qashqai, Juke and Leaf, is safe from the gallows. It's likely the company's plants in the US will be saved too. Aside from closing factories, Nissan's latest recovery plan will see it cut 20,000 jobs by March 2028, seek efficiencies from its R&D department, and temporarily pause development of models due after March 2027. MORE: Everything Nissan Content originally sourced from: Last week Nissan announced a staggering ¥670.9 billion (A$7.1bn) loss, and to help turn things around the company announced it would close seven factories, leading to fevered speculation as to which plants would get the chop. According to the Re:Nissan turnaround plan announced last week, seven unnamed factories will be closed by March 2028. Sources have told Reuters the company is currently considering axing two factories in Japan, closing its plants in South Africa and Argentina, removing the factory in India from its books, and consolidating its manufacturing facilities in Mexico. 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 two Japanese factories living under the shadow of the axe are Oppama and Shonan. Oppama has a capacity of 240,000 cars per year, currently employs around 3900 people, and produces the Note and Leaf. Shonan is a joint venture commercial vehicle plant, of which Nissan owns half, with an annual production capacity of 150,000 vehicles. It employs around 1200 people, and produces the NV200 Vanette, Caravan, and AD Wagon. Should these two factories be swept away in Nissan's tide of red ink, it will leave the company with three factories in its homeland: Tochigi, and two in Kyushu. If it does close factories in Japan, it will be the first such move since 2001, when the company closed its Murayama plant under the direction of then-CEO Carlos Ghosn. According to the news agency, Nissan responded to its report and those by Japanese outlets by clarifying that it had previously committed to consolidating Latin American production of the Navara ute to one of its factories in Mexico – the ute is currently made in both Mexico and Argentina as well as Thailand (for Australia). The automaker also pointed out that Renault had committed in March this year to buying out Nissan's stake in their joint venture factory in India. This plant currently makes the Nissan Magnite and X-Trail, as well as the Renault Kwid, Kiger and Triber. Nissan has confirmed its factory in Sunderland, UK, which produces the Qashqai, Juke and Leaf, is safe from the gallows. It's likely the company's plants in the US will be saved too. Aside from closing factories, Nissan's latest recovery plan will see it cut 20,000 jobs by March 2028, seek efficiencies from its R&D department, and temporarily pause development of models due after March 2027. MORE: Everything Nissan Content originally sourced from: Last week Nissan announced a staggering ¥670.9 billion (A$7.1bn) loss, and to help turn things around the company announced it would close seven factories, leading to fevered speculation as to which plants would get the chop. According to the Re:Nissan turnaround plan announced last week, seven unnamed factories will be closed by March 2028. Sources have told Reuters the company is currently considering axing two factories in Japan, closing its plants in South Africa and Argentina, removing the factory in India from its books, and consolidating its manufacturing facilities in Mexico. 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 two Japanese factories living under the shadow of the axe are Oppama and Shonan. Oppama has a capacity of 240,000 cars per year, currently employs around 3900 people, and produces the Note and Leaf. Shonan is a joint venture commercial vehicle plant, of which Nissan owns half, with an annual production capacity of 150,000 vehicles. It employs around 1200 people, and produces the NV200 Vanette, Caravan, and AD Wagon. Should these two factories be swept away in Nissan's tide of red ink, it will leave the company with three factories in its homeland: Tochigi, and two in Kyushu. If it does close factories in Japan, it will be the first such move since 2001, when the company closed its Murayama plant under the direction of then-CEO Carlos Ghosn. According to the news agency, Nissan responded to its report and those by Japanese outlets by clarifying that it had previously committed to consolidating Latin American production of the Navara ute to one of its factories in Mexico – the ute is currently made in both Mexico and Argentina as well as Thailand (for Australia). The automaker also pointed out that Renault had committed in March this year to buying out Nissan's stake in their joint venture factory in India. This plant currently makes the Nissan Magnite and X-Trail, as well as the Renault Kwid, Kiger and Triber. Nissan has confirmed its factory in Sunderland, UK, which produces the Qashqai, Juke and Leaf, is safe from the gallows. It's likely the company's plants in the US will be saved too. Aside from closing factories, Nissan's latest recovery plan will see it cut 20,000 jobs by March 2028, seek efficiencies from its R&D department, and temporarily pause development of models due after March 2027. MORE: Everything Nissan Content originally sourced from: Last week Nissan announced a staggering ¥670.9 billion (A$7.1bn) loss, and to help turn things around the company announced it would close seven factories, leading to fevered speculation as to which plants would get the chop. According to the Re:Nissan turnaround plan announced last week, seven unnamed factories will be closed by March 2028. Sources have told Reuters the company is currently considering axing two factories in Japan, closing its plants in South Africa and Argentina, removing the factory in India from its books, and consolidating its manufacturing facilities in Mexico. 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 two Japanese factories living under the shadow of the axe are Oppama and Shonan. Oppama has a capacity of 240,000 cars per year, currently employs around 3900 people, and produces the Note and Leaf. Shonan is a joint venture commercial vehicle plant, of which Nissan owns half, with an annual production capacity of 150,000 vehicles. It employs around 1200 people, and produces the NV200 Vanette, Caravan, and AD Wagon. Should these two factories be swept away in Nissan's tide of red ink, it will leave the company with three factories in its homeland: Tochigi, and two in Kyushu. If it does close factories in Japan, it will be the first such move since 2001, when the company closed its Murayama plant under the direction of then-CEO Carlos Ghosn. According to the news agency, Nissan responded to its report and those by Japanese outlets by clarifying that it had previously committed to consolidating Latin American production of the Navara ute to one of its factories in Mexico – the ute is currently made in both Mexico and Argentina as well as Thailand (for Australia). The automaker also pointed out that Renault had committed in March this year to buying out Nissan's stake in their joint venture factory in India. This plant currently makes the Nissan Magnite and X-Trail, as well as the Renault Kwid, Kiger and Triber. Nissan has confirmed its factory in Sunderland, UK, which produces the Qashqai, Juke and Leaf, is safe from the gallows. It's likely the company's plants in the US will be saved too. Aside from closing factories, Nissan's latest recovery plan will see it cut 20,000 jobs by March 2028, seek efficiencies from its R&D department, and temporarily pause development of models due after March 2027. MORE: Everything Nissan Content originally sourced from:
West Australian
19-05-2025
- Automotive
- West Australian
Nissan considering closing factories in Japan, Mexico, South Africa and Argentina
Last week Nissan announced a staggering ¥670.9 billion (A$7.1bn) loss, and to help turn things around the company announced it would close seven factories, leading to fevered speculation as to which plants would get the chop. According to the Re:Nissan turnaround plan announced last week , seven unnamed factories will be closed by March 2028. Sources have told Reuters the company is currently considering axing two factories in Japan, closing its plants in South Africa and Argentina, removing the factory in India from its books, and consolidating its manufacturing facilities in Mexico. 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 two Japanese factories living under the shadow of the axe are Oppama and Shonan. Oppama has a capacity of 240,000 cars per year, currently employs around 3900 people, and produces the Note and Leaf . Shonan is a joint venture commercial vehicle plant, of which Nissan owns half, with an annual production capacity of 150,000 vehicles. It employs around 1200 people, and produces the NV200 Vanette, Caravan, and AD Wagon. Should these two factories be swept away in Nissan's tide of red ink, it will leave the company with three factories in its homeland: Tochigi, and two in Kyushu. If it does close factories in Japan, it will be the first such move since 2001, when the company closed its Murayama plant under the direction of then-CEO Carlos Ghosn. According to the news agency, Nissan responded to its report and those by Japanese outlets by clarifying that it had previously committed to consolidating Latin American production of the Navara ute to one of its factories in Mexico – the ute is currently made in both Mexico and Argentina as well as Thailand (for Australia). The automaker also pointed out that Renault had committed in March this year to buying out Nissan's stake in their joint venture factory in India. This plant currently makes the Nissan Magnite and X-Trail, as well as the Renault Kwid, Kiger and Triber. Nissan has confirmed its factory in Sunderland, UK, which produces the Qashqai , Juke and Leaf , is safe from the gallows . It's likely the company's plants in the US will be saved too. Aside from closing factories, Nissan's latest recovery plan will see it cut 20,000 jobs by March 2028, seek efficiencies from its R&D department, and temporarily pause development of models due after March 2027. MORE: Everything Nissan
7NEWS
19-05-2025
- Automotive
- 7NEWS
Nissan considering closing factories in Japan, Mexico, South Africa and Argentina
Last week Nissan announced a staggering ¥670.9 billion (A$7.1bn) loss, and to help turn things around the company announced it would close seven factories, leading to fevered speculation as to which plants would get the chop. According to the Re:Nissan turnaround plan announced last week, seven unnamed factories will be closed by March 2028. Sources have told Reuters the company is currently considering axing two factories in Japan, closing its plants in South Africa and Argentina, removing the factory in India from its books, and consolidating its manufacturing facilities in Mexico. 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 two Japanese factories living under the shadow of the axe are Oppama and Shonan. Oppama has a capacity of 240,000 cars per year, currently employs around 3900 people, and produces the Note and Leaf. Shonan is a joint venture commercial vehicle plant, of which Nissan owns half, with an annual production capacity of 150,000 vehicles. It employs around 1200 people, and produces the NV200 Vanette, Caravan, and AD Wagon. Should these two factories be swept away in Nissan's tide of red ink, it will leave the company with three factories in its homeland: Tochigi, and two in Kyushu. If it does close factories in Japan, it will be the first such move since 2001, when the company closed its Murayama plant under the direction of then-CEO Carlos Ghosn. According to the news agency, Nissan responded to its report and those by Japanese outlets by clarifying that it had previously committed to consolidating Latin American production of the Navara ute to one of its factories in Mexico – the ute is currently made in both Mexico and Argentina as well as Thailand (for Australia). The automaker also pointed out that Renault had committed in March this year to buying out Nissan's stake in their joint venture factory in India. This plant currently makes the Nissan Magnite and X-Trail, as well as the Renault Kwid, Kiger and Triber. Nissan has confirmed its factory in Sunderland, UK, which produces the Qashqai, Juke and Leaf, is safe from the gallows. It's likely the company's plants in the US will be saved too. Aside from closing factories, Nissan's latest recovery plan will see it cut 20,000 jobs by March 2028, seek efficiencies from its R&D department, and temporarily pause development of models due after March 2027.
