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Toronto Sun
17-05-2025
- Automotive
- Toronto Sun
Nissan plans to close plants in Japan, Mexico, Yomiuri says
Published May 17, 2025 • 2 minute read Workers install parts into automobile body shells on the assembly line in Pretoria. Photo by Waldo Swiegers / Bloomberg (Bloomberg) — Nissan Motor Co. plans to close two factories in Japan, as well as locations in four other countries as part of its restructuring and cost-cutting process, the Yomiuri newspaper and other news outlets reported, citing unidentified sources. 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 In Japan, Nissan is looking to close facilities in Oppama and Hiratsuka operated by manufacturing subsidiary Nissan Shatai Co., which represent about 30% of domestic production, according to Kyodo News. Both are located in Kanagawa prefecture, an area south of Tokyo where Nissan's head office is based. The once-dominant Japanese carmaker has been dealing with a slump in global sales and profitability in the face of rising competition from China's fast-growing electric vehicle sector. Nissan has struggled to regain momentum in the key US market, and is saddled with an outdated product lineup, bloated dealership incentives and a mountain of debt. Earlier this week, Nissan said it would close seven production facilities globally, but did not specify the locations. It's also planning to eliminate 20,000 jobs. The measures are aimed at cutting costs by ¥500 billion ($3.4 billion), and were announced after Nissan reported one of its biggest annual losses. 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. Globally, Nissan is considering shutting two plants in Mexico, as well as ending production in India, Argentina and South Africa, the Yomiuri reported. Nissan said in a statement that reports of plant closures are 'speculative' and not based on any official information from the company. Nissan Motor's Oppama Plant in Yokosuka, Japan. Photo by Kiyoshi Ota / Photographer: Kiyoshi Ota/Bloomb 'There have been reports about the closure of our factories but these are based on speculation,' subsidiary Nissan Shatai said. 'They have not been announced by our company and are not true.' Talks to combine Nissan with Honda Motor Co. fell apart earlier this year, leading to the ouster of its former chief executive officer. Ivan Espinosa, Nissan's new CEO who took up the role in April, said in an interview Thursday that his restructuring plan can save the automaker without the help of an outside partner. This advertisement has not loaded yet, but your article continues below. 'What we're doing is resetting the size of the company,' Espinosa said. The Oppama plant focuses on Nissan's electric car production, including the Leaf and the Note, and has an annual production capacity of 240,000 cars. The Hiratsuka factory produces commercial vehicles with a capacity of 150,000 units. If the Oppama plant is shuttered, it would be the first time that Nissan has closed a major domestic factory since 2001, according to the Yomiuri. —With assistance from Masatsugu Horie. Read More Toronto Maple Leafs Golf Sunshine Girls World Columnists
