Nissan says it plans job and production cuts in US
Renault executives travelled to Japan this week to meet counterparts at Nissan in an effort to maximise the value of the French automaker's stake in the Japanese firm ahead of its merger with Honda, a source close to the matter told Reuters.
The industry that helped turn Japan into an economic juggernaut is undergoing its biggest change in years, with two of the country’s best-known carmakers looking to join forces.
Times are tough at Nissan and drastic measures need to be put in motion. The latest example is cutting production of two of the brand’s best-selling models. According to Automotive News , Nissan in April will eliminate one of two shifts at its Smyrna (Tennessee) and Canton (Mississippi) assembly plants,
Nissan announced Wednesday that it's cutting U.S. production lines and offering employees voluntary buyouts to avoid layoffs.
SMYRNA, Tenn. (WSMV) - After announcing a merger last month with rival automaker, Honda, Nissan is now saying it will reduce production and cut thousands of jobs to its plants across the globe. This includes both production sites in Tennessee.
Nissan will operate a single shift on one production line at each of its two U.S. facilities, located in Smyrna and Canton, Mississippi, according to Bloomberg. It expects to go back to a two-shift schedule when it introduces new vehicle models in 2027 and 2028. The production cuts impact the Rogue in Smyrna and the Altima in Canton.
Nissan plans to repair its flailing business without closing factories, according to people familiar with the matter, as it looks to streamline its finances before a capital tie-up with Honda.
Renault SA wants a premium for its stake in Nissan Motor Co. if Honda Motor Co. takes over control of the rival Japanese automaker, according to people familiar with the matter.
Nissan is dialing back production at the factories building its Rogue SUV and Altima sedan models, signaling a broader slowdown in demand. Along with scaling down output, the auto
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