Fri, 16 May 2025

Fri, 16 May 2025 Nissan says it could share global plants with Chinese state firm

Nissan announced this week that it would lay off another 11,000 workers and shut seven factories

* Nissan is open to sharing its factories with Chinese state-owned partner Dongfeng as it shakes up its business.
* The company plans to reduce global production by 20% through cost-saving efforts, including laying off 15% of its workforce (11,000 jobs).
* Nissan has been struggling with weak sales in key markets such as the US and China, where stiff competition and falling prices have made it hard for the brand to succeed.
* The company has partnered with Dongfeng for over 20 years and currently works together to build cars in Wuhan, China.
* Nissan employs around 133,500 people globally, including about 6,000 workers in its UK plant in Sunderland.
* The company reported an annual loss of 670 billion yen ($4.6bn; £3.4bn) due to pressure from US President Donald Trump's tariffs and declining sales.
* AESC, Nissan's battery partner, secured a £1bn funding package from the UK government for a new plant in Sunderland that will produce batteries for electric models.
  >>