Nissan says Oppama plant will stop production by March 2028
Japan's third-biggest automaker is looking to slash production capacity to 2.5 million vehicles from 3.5 million and consolidate production sites to 10 from 17 as it grapples with falling sales and mounting losses.
Reuters reported last week that Nissan was in talks to allow Taiwan's Foxconn to use the Oppama factory to produce EVs and avert a closure.
Nissan said in a statement on Tuesday that it would explore "a wide range of options" for the future use of the Oppama plant, in the port city of Yokosuka, south of Tokyo. Related costs will be disclosed along with first-quarter financial results, it said.
CEO Ivan Espinosa has announced sweeping restructuring plans aimed at turning around the struggling automaker, including reducing its global workforce by some 15 per cent.
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