Latest news with #Qashqai
The Advertiser
5 days ago
- Automotive
- The Advertiser
Nissan considering selling HQ to fund plant closures
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: 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: 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: 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:
Japan Today
5 days ago
- Automotive
- Japan Today
Troubled automaker Nissan banks on hybrid EV technology
Reporters try out Nissan's e-Power electrification technology on the current Qashqai model at the company's Grandrive facility in Yokosuka on Monday. By Yuri Kageyama Money-losing Japanese automaker Nissan Motor Corp is banking on its latest 'e-Power' technology for a turnaround. A kind of hybrid, e-Power comes equipped with both an electric motor and gasoline engine, much like the Toyota Motor Corp Prius. It's different from a Prius in that it doesn't switch back and forth between the motor and engine during the drive. That means the car always is running on its EV battery, ensuring a quiet, smooth ride. 'Nissan has a proud history of pioneering innovative technology that set us apart,' Chief Technology Officer Eiichi Akashi told reporters on the sidelines of a test drive at its Grandrive course outside Tokyo. The advantage of e-Power vehicles is that they never need to be charged like EVs do. The owner just fuels up at a gas station and the car never runs out of a charge. Nissan, which racked up a 670.9 billion net loss for the fiscal year through March, sorely needs a hot-seller, especially in the lucrative North American market. But the U.S. market is proving a big headache for all the Japanese automakers because of President Donald Trump's tariff policies. To achieve a turnaround, Nissan is working on reducing costs, strengthening business partnerships and redefining its lineup. That's where e-Power fits in, according to Akashi. Yokohama-based Nissan announced earlier this month that it's slashing about 15% of its global work force, or about 20,000 employees, and reducing the number of its auto plants to 10 from 17, under an ambitious recovery plan led by its new Chief Executive Ivan Espinosa. Nissan officials did not give a price for the upcoming e-Power models. The only other automaker offers a similar technology is 'kei,' or tiny car manufacturer Suzuki Motor Corp. E-Power is already offered on the Nissan Qashqai and X-Trail model in Europe, and the Note in Japan. The upgraded version will be offered in the new Rogue in the U.S. Nissan, a pioneer in EVs with its Leaf, which went on sale in 2010, is also preparing beefed up EV models. It's also working on a solid-state battery which is expected to replace the lithium-ion batteries now widely used in hybrids, EVs and e-Power models. Analysts say Nissan is in danger of running out of cash and needs a partner. Speculation is rife its Yokohama headquarters building will get sold, or one of its Japan plants will be turned into a casino. Nissan started talks last year with Japanese rival Honda Motor Co. for a business integration but announced in February that it was dropping the talks. © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
West Australian
5 days ago
- Automotive
- West Australian
Nissan considering selling HQ to fund plant closures
Nissan may sell off its global headquarters in Yokohama, Japan to help finance the costs it will incur closing down seven factories and axing 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, and is 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 plans to move out of the current headquarters, or if it will lease it back. So-called lease back arrangements are common for companies undergoing financial stress, or wishing to gain a pot 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 cost ¥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 , 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 setup 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 after March 2027 has been paused in order to allocate 3000 people to find more savings. MORE: Everything Nissan
Perth Now
5 days ago
- Automotive
- Perth Now
Nissan considering selling HQ to fund plant closures
Nissan may sell off its global headquarters in Yokohama, Japan to help finance the costs it will incur closing down seven factories and axing 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, and is 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. Supplied Credit: CarExpert 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 plans to move out of the current headquarters, or if it will lease it back. So-called lease back arrangements are common for companies undergoing financial stress, or wishing to gain a pot 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 cost ¥60 billion (A$640 million) in this current financial year alone. Supplied Credit: CarExpert 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, 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 setup 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 after March 2027 has been paused in order to allocate 3000 people to find more savings. MORE: Everything Nissan
7NEWS
5 days ago
- Automotive
- 7NEWS
Nissan considering selling HQ to fund plant closures
Nissan may sell off its global headquarters in Yokohama, Japan to help finance the costs it will incur closing down seven factories and axing 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, and is 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 plans to move out of the current headquarters, or if it will lease it back. So-called lease back arrangements are common for companies undergoing financial stress, or wishing to gain a pot 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 cost ¥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, 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 setup 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 after March 2027 has been paused in order to allocate 3000 people to find more savings.
