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Floundering car brand shuts down dealership forever amid wave of closures after profits dropped by 90% in one year

Floundering car brand shuts down dealership forever amid wave of closures after profits dropped by 90% in one year

The Irish Sun4 days ago
A STRUGGLING car brand has shut its dealership for good after its profits dropped by 90 per cent in just one year.
The news comes amid a wave of closures as the
1
Nissan has shut its dealership in Petaluma, California
Credit: Getty
North Bay
It read: "It has been a true honor serving the Petaluma and the North Bay communities and we are deeply grateful for your loyalty and support over the years.
'While this chapter is closing, exciting plans are already in motion for what's next at our location, so stay tuned for updates.'
Customers are being redirected to the Vacaville dealership or locations in Santa Rosa and Napa.
Read more on Motors
The
Nissan has been battling with falling vehicle sales in China, huge restructuring costs and US President Donald Trump's international tariff war.
Trump's tariffs have raised the cost of importing vehicles, causing car sales of many different brands to nosedive across the world.
Earlier this month, the car brand decided to shutter two factories in Mexico - its Civac plant in Morelos and the Cooperation Manufacturing Plant Aguascalientes (COMPAS) plant in Aguascalientes.
Most read in Motors
Both factories are set to close by 2027, putting thousands of jobs at risk.
The Civac plant has been producing cars since 1966 and was the very first international manufacturing site that
Farewell to the Nissan Versa: America's Last Affordable Sedan Discontinued
It currently produces the South American version of the Frontier, the N18 Versa and the Mexico-only V-Drive.
Nissan also announced plans to close its flagship factory in the Kanagawa Prefecture, south of
Tokyo
.
The factory will close at the end of the 2027 fiscal year in March 2028.
Over 2,400 jobs will be lost in the closure, which Nissan says was a 'tough but necessary decision'.
The Oppama plant has been a prized symbol for Nissan Motor Corp., which rolled out its
Chief Executive
He promised employees will be treated fairly and responsibly, with transfer offers to other locations, or other work in the area in consultation with the trade union.
Nissan has been approached for comment.
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