TOKYO — Nissan announced Thursday it will closing two auto plants, in Spain and Indonesia, as it sank into the red for the first time in 11 years, as the coronavirus pandemic sent global demand plunging and halted production.
Nissan’s Chief Executive Makoto Uchida told reporters the production in Europe will be centered at the British plant in Sunderland, and the production in Indonesia will move to Thailand, as the Japanese automaker reduces global production by 20%. Nissan Motor Co. reported Thursday a 671.2 billion yen loss for the fiscal year ended in March, its first annual loss since getting slammed by aftermath of the financial crisis in the year ending in March 2009.
Yokohama-based Nissan had recorded a 319.1 billion yen profit the previous fiscal year through March 2019. Nissan said its global vehicle production dropped 62% in April to 150,388 vehicles from a year ago. Global vehicle sales slipped nearly 42% last month.
wonder if they have thought of bringing back CarlosGhosn
The business strategy of the motor industry will change. COVID19 brought some socio-economic complexities. Global lockdown increased environmental awareness with potential change in altitudes Mass global unemployment has had negative impact on the industry Change is inevitable
They should've stuck with carlosghosn He was in the middle of hooking the group of with fcagroup which would've made them by far the biggest automotive group ever. National pride and racism fucked that up.
Spain needs to nationalise the factory- Nissan cannot get away with robbing us of our industry
Seems that if Nissan offered a better warranty than 3/36 they wouldn’t be in this financial dilemma. I shopped elsewhere
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