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The Advertiser
a day ago
- Automotive
- The Advertiser
Nissan to close the first factory it opened overseas
Nissan has confirmed it will close its CIVAC factory in Mexico, the company's oldest plant outside of Japan, by March 2026. CIVAC, which is in the city of Cuernavaca around 80km south of Mexico City, currently produces the Versa sedan, as well as the 'D23' Navara, which is sold in Mexico as the NP300 two-door and Frontier four-door. Production of these vehicles will be moved to the company's plants in Aguascalientes about 550km away. Opened in 1966, CIVAC's first production model was the Datsun Bluebird. A second line dedicated to making utes was added to site in 1975, and an engine plant became operational in 1978. CarExpert can save you thousands on a new car. Click here to get a great deal. By 1988 Nissan had become the number one car brand in Mexico — a position it clings to to this day — and in 1993 the factory had the honour of exporting the country's first car to Japan, the Tsubame wagon. Since its inception the plant has produced 6.5 million cars, most of which were sold in Mexico, Latin America, the Caribbean, North America, and the Gulf States. Perhaps the most famous model made in Cuernavaca was the Tsuru (bottom), which was known in most markets as the Sentra. The third-generation 'B13' Tsuru/Sentra began rolling down the line in CIVAC in 1992, and production continued until 2017 when it was finally axed as it didn't meet new safety regulations. Although its body folded like a paper crane, and it lacked ABS and airbags, over 1.8 million 'B13' Tsurus were made during its 25 year run, and it was for a long time Mexico's most popular car. Despite its historic significance, the 400,000 square metre CIVAC plant currently only accounts for 11 per cent of Nissan's car production in Mexico. The COMPAS plant, a joint venture run with Mercedes-Benz, just 11km down the road from Nissan's Aguascalientes factories is expected to close in 2026. Nissan will production of the Infiniti QX50 SUV and QX55 coupe SUV by the end of 2025. Mercedes-Benz will stop making the GLB SUV there during the first quarter of 2026. These two plant closures are part of Nissan's latest turnaround plan, dubbed Re:Nissan, which aims to reduce the company's production capacity, outside of China, from 3.5 million cars per year to 2.5 million. To do this it will close seven of its 17 car manufacturing plants. In the middle of July Nissan confirmed it will close the Oppama and Shonan factories in Japan. A Reuters report in May indicated Nissan is considering closing factories in South Africa and Argentina. The automaker will remove the factory in India from its books by selling it to Alliance partner Renault. Nissan has been skating on thin financial ice for about two years, and in May 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 the Re:Nissan recovery plan, which in addition to plant closures will cut its global workforce by 15 per cent or 20,000 people, set up a cost-cutting "transformation office", and has paused development of vehicles and technology due for launch after March 2027. The automaker is also considering selling its headquarters in Yokohama. MORE: Everything Nissan Content originally sourced from: Nissan has confirmed it will close its CIVAC factory in Mexico, the company's oldest plant outside of Japan, by March 2026. CIVAC, which is in the city of Cuernavaca around 80km south of Mexico City, currently produces the Versa sedan, as well as the 'D23' Navara, which is sold in Mexico as the NP300 two-door and Frontier four-door. Production of these vehicles will be moved to the company's plants in Aguascalientes about 550km away. Opened in 1966, CIVAC's first production model was the Datsun Bluebird. A second line dedicated to making utes was added to site in 1975, and an engine plant became operational in 1978. CarExpert can save you thousands on a new car. Click here to get a great deal. By 1988 Nissan had become the number one car brand in Mexico — a position it clings to to this day — and in 1993 the factory had the honour of exporting the country's first car to Japan, the Tsubame wagon. Since its inception the plant has produced 6.5 million cars, most of which were sold in Mexico, Latin America, the Caribbean, North America, and the Gulf States. Perhaps the most famous model made in Cuernavaca was the Tsuru (bottom), which was known in most markets as the Sentra. The third-generation 'B13' Tsuru/Sentra began rolling down the line in CIVAC in 1992, and production continued until 2017 when it was finally axed as it didn't meet new safety regulations. Although its body folded like a paper crane, and it lacked ABS and airbags, over 1.8 million 'B13' Tsurus were made during its 25 year run, and it was for a long time Mexico's most popular car. Despite its historic significance, the 400,000 square metre CIVAC plant currently only accounts for 11 per cent of Nissan's car production in Mexico. The COMPAS plant, a joint venture run with Mercedes-Benz, just 11km down the road from Nissan's Aguascalientes factories is expected to close in 2026. Nissan will production of the Infiniti QX50 SUV and QX55 coupe SUV by the end of 2025. Mercedes-Benz will stop making the GLB SUV there during the first quarter of 2026. These two plant closures are part of Nissan's latest turnaround plan, dubbed Re:Nissan, which aims to reduce the company's production capacity, outside of China, from 3.5 million cars per year to 2.5 million. To do this it will close seven of its 17 car manufacturing plants. In the middle of July Nissan confirmed it will close the Oppama and Shonan factories in Japan. A Reuters report in May indicated Nissan is considering closing factories in South Africa and Argentina. The automaker will remove the factory in India from its books by selling it to Alliance partner Renault. Nissan has been skating on thin financial ice for about two years, and in May 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 the Re:Nissan recovery plan, which in addition to plant closures will cut its global workforce by 15 per cent or 20,000 people, set up a cost-cutting "transformation office", and has paused development of vehicles and technology due for launch after March 2027. The automaker is also considering selling its headquarters in Yokohama. MORE: Everything Nissan Content originally sourced from: Nissan has confirmed it will close its CIVAC factory in Mexico, the company's oldest plant outside of Japan, by March 2026. CIVAC, which is in the city of Cuernavaca around 80km south of Mexico City, currently produces the Versa sedan, as well as the 'D23' Navara, which is sold in Mexico as the NP300 two-door and Frontier four-door. Production of these vehicles will be moved to the company's plants in Aguascalientes about 550km away. Opened in 1966, CIVAC's first production model was the Datsun Bluebird. A second line dedicated to making utes was added to site in 1975, and an engine plant became operational in 1978. CarExpert can save you thousands on a new car. Click here to get a great deal. By 1988 Nissan had become the number one car brand in Mexico — a position it clings to to this day — and in 1993 the factory had the honour of exporting the country's first car to Japan, the Tsubame wagon. Since its inception the plant has produced 6.5 million cars, most of which were sold in Mexico, Latin America, the Caribbean, North America, and the Gulf States. Perhaps the most famous model made in Cuernavaca was the Tsuru (bottom), which was known in most markets as the Sentra. The third-generation 'B13' Tsuru/Sentra began rolling down the line in CIVAC in 1992, and production continued until 2017 when it was finally axed as it didn't meet new safety regulations. Although its body folded like a paper crane, and it lacked ABS and airbags, over 1.8 million 'B13' Tsurus were made during its 25 year run, and it was for a long time Mexico's most popular car. Despite its historic significance, the 400,000 square metre CIVAC plant currently only accounts for 11 per cent of Nissan's car production in Mexico. The COMPAS plant, a joint venture run with Mercedes-Benz, just 11km down the road from Nissan's Aguascalientes factories is expected to close in 2026. Nissan will production of the Infiniti QX50 SUV and QX55 coupe SUV by the end of 2025. Mercedes-Benz will stop making the GLB SUV there during the first quarter of 2026. These two plant closures are part of Nissan's latest turnaround plan, dubbed Re:Nissan, which aims to reduce the company's production capacity, outside of China, from 3.5 million cars per year to 2.5 million. To do this it will close seven of its 17 car manufacturing plants. In the middle of July Nissan confirmed it will close the Oppama and Shonan factories in Japan. A Reuters report in May indicated Nissan is considering closing factories in South Africa and Argentina. The automaker will remove the factory in India from its books by selling it to Alliance partner Renault. Nissan has been skating on thin financial ice for about two years, and in May 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 the Re:Nissan recovery plan, which in addition to plant closures will cut its global workforce by 15 per cent or 20,000 people, set up a cost-cutting "transformation office", and has paused development of vehicles and technology due for launch after March 2027. The automaker is also considering selling its headquarters in Yokohama. MORE: Everything Nissan Content originally sourced from: Nissan has confirmed it will close its CIVAC factory in Mexico, the company's oldest plant outside of Japan, by March 2026. CIVAC, which is in the city of Cuernavaca around 80km south of Mexico City, currently produces the Versa sedan, as well as the 'D23' Navara, which is sold in Mexico as the NP300 two-door and Frontier four-door. Production of these vehicles will be moved to the company's plants in Aguascalientes about 550km away. Opened in 1966, CIVAC's first production model was the Datsun Bluebird. A second line dedicated to making utes was added to site in 1975, and an engine plant became operational in 1978. CarExpert can save you thousands on a new car. Click here to get a great deal. By 1988 Nissan had become the number one car brand in Mexico — a position it clings to to this day — and in 1993 the factory had the honour of exporting the country's first car to Japan, the Tsubame wagon. Since its inception the plant has produced 6.5 million cars, most of which were sold in Mexico, Latin America, the Caribbean, North America, and the Gulf States. Perhaps the most famous model made in Cuernavaca was the Tsuru (bottom), which was known in most markets as the Sentra. The third-generation 'B13' Tsuru/Sentra began rolling down the line in CIVAC in 1992, and production continued until 2017 when it was finally axed as it didn't meet new safety regulations. Although its body folded like a paper crane, and it lacked ABS and airbags, over 1.8 million 'B13' Tsurus were made during its 25 year run, and it was for a long time Mexico's most popular car. Despite its historic significance, the 400,000 square metre CIVAC plant currently only accounts for 11 per cent of Nissan's car production in Mexico. The COMPAS plant, a joint venture run with Mercedes-Benz, just 11km down the road from Nissan's Aguascalientes factories is expected to close in 2026. Nissan will production of the Infiniti QX50 SUV and QX55 coupe SUV by the end of 2025. Mercedes-Benz will stop making the GLB SUV there during the first quarter of 2026. These two plant closures are part of Nissan's latest turnaround plan, dubbed Re:Nissan, which aims to reduce the company's production capacity, outside of China, from 3.5 million cars per year to 2.5 million. To do this it will close seven of its 17 car manufacturing plants. In the middle of July Nissan confirmed it will close the Oppama and Shonan factories in Japan. A Reuters report in May indicated Nissan is considering closing factories in South Africa and Argentina. The automaker will remove the factory in India from its books by selling it to Alliance partner Renault. Nissan has been skating on thin financial ice for about two years, and in May 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 the Re:Nissan recovery plan, which in addition to plant closures will cut its global workforce by 15 per cent or 20,000 people, set up a cost-cutting "transformation office", and has paused development of vehicles and technology due for launch after March 2027. The automaker is also considering selling its headquarters in Yokohama. MORE: Everything Nissan Content originally sourced from:
7NEWS
a day ago
- Automotive
- 7NEWS
Nissan to close the first factory it opened overseas
Nissan has confirmed it will close its CIVAC factory in Mexico, the company's oldest plant outside of Japan, by March 2026. CIVAC, which is in the city of Cuernavaca around 80km south of Mexico City, currently produces the Versa sedan, as well as the 'D23' Navara, which is sold in Mexico as the NP300 two-door and Frontier four-door. Production of these vehicles will be moved to the company's plants in Aguascalientes about 550km away. Opened in 1966, CIVAC's first production model was the Datsun Bluebird. A second line dedicated to making utes was added to site in 1975, and an engine plant became operational in 1978. CarExpert can save you thousands on a new car. Click here to get a great deal. By 1988 Nissan had become the number one car brand in Mexico — a position it clings to to this day — and in 1993 the factory had the honour of exporting the country's first car to Japan, the Tsubame wagon. Since its inception the plant has produced 6.5 million cars, most of which were sold in Mexico, Latin America, the Caribbean, North America, and the Gulf States. Perhaps the most famous model made in Cuernavaca was the Tsuru (bottom), which was known in most markets as the Sentra. The third-generation 'B13' Tsuru/Sentra began rolling down the line in CIVAC in 1992, and production continued until 2017 when it was finally axed as it didn't meet new safety regulations. Although its body folded like a paper crane, and it lacked ABS and airbags, over 1.8 million 'B13' Tsurus were made during its 25 year run, and it was for a long time Mexico's most popular car. Despite its historic significance, the 400,000 square metre CIVAC plant currently only accounts for 11 per cent of Nissan's car production in Mexico. The COMPAS plant, a joint venture run with Mercedes-Benz, just 11km down the road from Nissan's Aguascalientes factories is expected to close in 2026. Nissan will production of the Infiniti QX50 SUV and QX55 coupe SUV by the end of 2025. Mercedes-Benz will stop making the GLB SUV there during the first quarter of 2026. These two plant closures are part of Nissan's latest turnaround plan, dubbed Re:Nissan, which aims to reduce the company's production capacity, outside of China, from 3.5 million cars per year to 2.5 million. To do this it will close seven of its 17 car manufacturing plants. In the middle of July Nissan confirmed it will close the Oppama and Shonan factories in Japan. indicated Nissan is considering closing factories in South Africa and Argentina. The automaker will remove the factory in India from its books by selling it to Alliance partner Renault. Nissan has been skating on thin financial ice for about two years, and in May 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 the Re:Nissan recovery plan, which in addition to plant closures will cut its global workforce by 15 per cent or 20,000 people, set up a cost-cutting 'transformation office', and has paused development of vehicles and technology due for launch after March 2027. The automaker is also considering selling its headquarters in Yokohama.
Perth Now
a day ago
- Automotive
- Perth Now
Nissan to close the first factory it opened overseas
Nissan has confirmed it will close its CIVAC factory in Mexico, the company's oldest plant outside of Japan, by March 2026. CIVAC, which is in the city of Cuernavaca around 80km south of Mexico City, currently produces the Versa sedan, as well as the 'D23' Navara, which is sold in Mexico as the NP300 two-door and Frontier four-door. Production of these vehicles will be moved to the company's plants in Aguascalientes about 550km away. Opened in 1966, CIVAC's first production model was the Datsun Bluebird. A second line dedicated to making utes was added to site in 1975, and an engine plant became operational in 1978. CarExpert can save you thousands on a new car. Click here to get a great deal. Supplied Credit: CarExpert By 1988 Nissan had become the number one car brand in Mexico — a position it clings to to this day — and in 1993 the factory had the honour of exporting the country's first car to Japan, the Tsubame wagon. Since its inception the plant has produced 6.5 million cars, most of which were sold in Mexico, Latin America, the Caribbean, North America, and the Gulf States. Perhaps the most famous model made in Cuernavaca was the Tsuru (bottom), which was known in most markets as the Sentra. The third-generation 'B13' Tsuru/Sentra began rolling down the line in CIVAC in 1992, and production continued until 2017 when it was finally axed as it didn't meet new safety regulations. Although its body folded like a paper crane, and it lacked ABS and airbags, over 1.8 million 'B13' Tsurus were made during its 25 year run, and it was for a long time Mexico's most popular car. Despite its historic significance, the 400,000 square metre CIVAC plant currently only accounts for 11 per cent of Nissan's car production in Mexico. Supplied Credit: CarExpert The COMPAS plant, a joint venture run with Mercedes-Benz, just 11km down the road from Nissan's Aguascalientes factories is expected to close in 2026. Nissan will production of the Infiniti QX50 SUV and QX55 coupe SUV by the end of 2025. Mercedes-Benz will stop making the GLB SUV there during the first quarter of 2026. These two plant closures are part of Nissan's latest turnaround plan, dubbed Re:Nissan, which aims to reduce the company's production capacity, outside of China, from 3.5 million cars per year to 2.5 million. To do this it will close seven of its 17 car manufacturing plants. In the middle of July Nissan confirmed it will close the Oppama and Shonan factories in Japan. A Reuters report in May indicated Nissan is considering closing factories in South Africa and Argentina. The automaker will remove the factory in India from its books by selling it to Alliance partner Renault. Supplied Credit: CarExpert Supplied Credit: CarExpert Nissan has been skating on thin financial ice for about two years, and in May 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 the Re:Nissan recovery plan, which in addition to plant closures will cut its global workforce by 15 per cent or 20,000 people, set up a cost-cutting 'transformation office', and has paused development of vehicles and technology due for launch after March 2027. The automaker is also considering selling its headquarters in Yokohama. MORE: Everything Nissan
Yahoo
10-07-2025
- Automotive
- Yahoo
Nissan Halts U.S. Production for Canada Amid Tariff Dispute and Mounting Losses
Nissan (NSANY, Financials) has stopped making three models in the U.S. that it sends to Canada: the Pathfinder, the Murano, and the Frontier. This is because of growing trade tensions between Washington and Ottawa. The company said the decision was only temporary and that it hopes talks with the government will lead to a deal shortly. Nissan didn't say when the suspension started or how long it might remain, but Japan's Nikkei stated it started in May. Canada is only a small portion of Nissan's global business, making up about 3% of its entire sales. However, the disruption shows how swiftly trade politics can affect supply networks. In Tennessee, Nissan puts together the Pathfinder and Murano, and in Mississippi, it puts together the Frontier. But the most popular cars in Canada, the Versa, Sentra, and Rogue, are made in Mexico tastefully and still make up . The bigger picture is more worrisome. Nissan is having trouble with money. The corporation lost $4.5 billion in the year ending March and has about $4.79 billion in debt that is due. Its debt's credit ratings have dropped to junk status. According to Reuters, Nissan has also asked suppliers for longer time to pay so that it can keep its cash flow. Mazda, another Japanese carmaker, has also stopped making cars in Alabama that are going to Canada and is instead making more cars for buyers in the U.S. Nissan doesn't make cars in Canada, yet last year it sold only 104,000 there. That's less than half of what it sold in Mexico and roughly one-tenth of what it sold in the U.S. But even a tiny market may be stressful when costs are going up, margins are low, and trade policy is changing. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
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Business Standard
10-07-2025
- Automotive
- Business Standard
Nissan suspends US production of three vehicle models sold in Canada
Nissan said its top-selling vehicles in Canada, such as the Versa, Sentra and Rogue, were all sourced from either Mexico or Japan, accounting for 80 per cent of its Canadian sales Reuters TOKYO Nissan Motor has suspended US production of three vehicle models for Canada amid mutual tariffs imposed by the US and Canada on auto imports, the automaker said. It has halted production of Pathfinder and Murano SUVs and Frontier pickup trucks, the Japanese automaker said in a statement late on Wednesday, without saying when the suspension went into effect or how long it expected it to stay in place. "This is a short-term and temporary measure, and we remain hopeful that ongoing discussions between the US and Canadian governments will lead to a successful agreement in the near future," Nissan said in a statement. Nissan said its top-selling vehicles in Canada, such as the Versa, Sentra and Rogue, were all sourced from either Mexico or Japan, with production from those two countries accounting for 80 per cent of its Canadian sales. Nissan assembles the Pathfinder and Murano in Tennessee and the Frontier in Mississippi. The Trump administration imposed 25 per cent additional tariffs on auto imports in April, prompting Canada to implement retaliatory tariffs. Mazda Motor also halted Canada-bound production at its Alabama plant while boosting production for the US market, the company said in May. While Canada is a relatively small market for Nissan, the suspension underscores the difficulty facing global automakers from the tariffs. The levies have also added to a deepening crisis at Nissan, which has been badly hit by deteriorating sales and an ageing vehicle lineup. It reported a $4.5 billion net loss in the financial year that ended in March and has declined to disclose a forecast for the current financial year, when it also faces some 700 billion yen ($4.79 billion) in debt coming due. Its debt ratings have been cut to "junk" by all three major credit-rating firms. Reuters reported last month that the automaker has asked some suppliers to allow it to delay payments to free up short-term funds, in a sign of its scramble to boost cash. Nissan does not have factories in Canada. In the last financial year it sold around 104,000 vehicles there, less than half of what it sold in Mexico and a little more than 10 per cent of what it sold in the United States. Overall, Canada accounted for just 3 per cent of Nissan's global sales in the last financial year.
