Latest news with #Juke
The Advertiser
3 days ago
- Automotive
- The Advertiser
Nissan to close two factories in Japan
Nissan is in financial hot water, but it is hoping to lower the temperature a tad by dumping two factories in its homeland. The Oppama factory was opened in 1961, and has concentrated on building small cars. During its long history the plant has produced the Bluebird, Pulsar, Sylphy, Primera, Serena, Juke, Leaf, Tiida, March/Micra, and Cube. In 2007 the factory celebrated making its 15 millionth vehicle. Today, though, it produces just the Note (below) and Note Aura, a tall hatch that competes with the Honda Jazz/Fit. Manufacturing will cease in Oppama by March 2028, and Note production will be moved to Nissan's factory in Kyushu. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Around 2400 of the site's 3900 employees will be laid off. Other facilities surrounding the Oppama factory, including research centre, crash test facility, wharf, and Grandrive proving ground will continue to operate. The company also confirmed it would cease production at the factory in Shonan. This plant currently produces the NV200 Vanette and AD wagon van, and is operated by Nissan Shatai, of which Nissan only owns 50 per cent. The AD wagon van, which debuted way back in 2006, will end its production run in October this year, while the NV200's innings will end in March 2027. The current NV200 was launched in 2009, and once served as New York City's official taxi. It will be replaced a new model that's due to released by 2028. It's safe to say both Oppama and Shonan are running well below their maximum of capacity of 240,000 and 150,000 vehicles per year. Closing both plants, and moving their production elsewhere will help Nissan reduce its overcapacity problem and reduce headcount. Once these two factories are closed, Nissan will have three car plants in its homeland: one in Tochigi, and two in Kyushu. As part of its latest turnaround plan, dubbed Re:Nissan, the automaker wants to reduce its production capacity, outside of China, from the current 3.5 million cars per year to 2.5 million. It aims to close seven of its 17 car manufacturing plants, but so far only Shonan and Oppama have been confirmed. A Reuters report in May indicated Nissan is considering closing factories in South Africa and Argentina, and consolidating its manufacturing facilities in Mexico. It will remove the factory in India from its books by selling it to Alliance partner Renault. One plant is officially safe from the gallows: Sunderland, UK, which produces the Qashqai, Juke and Leaf. It's likely the company's factories in the US will be spared the chop too. Nissan has been skating on thin financial ice for about two years, and in May announced a loss of ¥670.9 billion (A$7.1 billion) for the financial year ending March 2025. In response, new Nissan CEO Ivan Espinosa unveiled the Re:Nissan recovery plan, which in addition to plant closures will cut its global workforce by 15 per cent or 20,000 people, set up a cost-cutting "transformation office", and has paused development of vehicles and technology due for launch after March 2027. The automaker is also considering selling its headquarters in Yokohama. MORE: Everything Nissan Content originally sourced from: Nissan is in financial hot water, but it is hoping to lower the temperature a tad by dumping two factories in its homeland. The Oppama factory was opened in 1961, and has concentrated on building small cars. During its long history the plant has produced the Bluebird, Pulsar, Sylphy, Primera, Serena, Juke, Leaf, Tiida, March/Micra, and Cube. In 2007 the factory celebrated making its 15 millionth vehicle. Today, though, it produces just the Note (below) and Note Aura, a tall hatch that competes with the Honda Jazz/Fit. Manufacturing will cease in Oppama by March 2028, and Note production will be moved to Nissan's factory in Kyushu. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Around 2400 of the site's 3900 employees will be laid off. Other facilities surrounding the Oppama factory, including research centre, crash test facility, wharf, and Grandrive proving ground will continue to operate. The company also confirmed it would cease production at the factory in Shonan. This plant currently produces the NV200 Vanette and AD wagon van, and is operated by Nissan Shatai, of which Nissan only owns 50 per cent. The AD wagon van, which debuted way back in 2006, will end its production run in October this year, while the NV200's innings will end in March 2027. The current NV200 was launched in 2009, and once served as New York City's official taxi. It will be replaced a new model that's due to released by 2028. It's safe to say both Oppama and Shonan are running well below their maximum of capacity of 240,000 and 150,000 vehicles per year. Closing both plants, and moving their production elsewhere will help Nissan reduce its overcapacity problem and reduce headcount. Once these two factories are closed, Nissan will have three car plants in its homeland: one in Tochigi, and two in Kyushu. As part of its latest turnaround plan, dubbed Re:Nissan, the automaker wants to reduce its production capacity, outside of China, from the current 3.5 million cars per year to 2.5 million. It aims to close seven of its 17 car manufacturing plants, but so far only Shonan and Oppama have been confirmed. A Reuters report in May indicated Nissan is considering closing factories in South Africa and Argentina, and consolidating its manufacturing facilities in Mexico. It will remove the factory in India from its books by selling it to Alliance partner Renault. One plant is officially safe from the gallows: Sunderland, UK, which produces the Qashqai, Juke and Leaf. It's likely the company's factories in the US will be spared the chop too. Nissan has been skating on thin financial ice for about two years, and in May announced a loss of ¥670.9 billion (A$7.1 billion) for the financial year ending March 2025. In response, new Nissan CEO Ivan Espinosa unveiled the Re:Nissan recovery plan, which in addition to plant closures will cut its global workforce by 15 per cent or 20,000 people, set up a cost-cutting "transformation office", and has paused development of vehicles and technology due for launch after March 2027. The automaker is also considering selling its headquarters in Yokohama. MORE: Everything Nissan Content originally sourced from: Nissan is in financial hot water, but it is hoping to lower the temperature a tad by dumping two factories in its homeland. The Oppama factory was opened in 1961, and has concentrated on building small cars. During its long history the plant has produced the Bluebird, Pulsar, Sylphy, Primera, Serena, Juke, Leaf, Tiida, March/Micra, and Cube. In 2007 the factory celebrated making its 15 millionth vehicle. Today, though, it produces just the Note (below) and Note Aura, a tall hatch that competes with the Honda Jazz/Fit. Manufacturing will cease in Oppama by March 2028, and Note production will be moved to Nissan's factory in Kyushu. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Around 2400 of the site's 3900 employees will be laid off. Other facilities surrounding the Oppama factory, including research centre, crash test facility, wharf, and Grandrive proving ground will continue to operate. The company also confirmed it would cease production at the factory in Shonan. This plant currently produces the NV200 Vanette and AD wagon van, and is operated by Nissan Shatai, of which Nissan only owns 50 per cent. The AD wagon van, which debuted way back in 2006, will end its production run in October this year, while the NV200's innings will end in March 2027. The current NV200 was launched in 2009, and once served as New York City's official taxi. It will be replaced a new model that's due to released by 2028. It's safe to say both Oppama and Shonan are running well below their maximum of capacity of 240,000 and 150,000 vehicles per year. Closing both plants, and moving their production elsewhere will help Nissan reduce its overcapacity problem and reduce headcount. Once these two factories are closed, Nissan will have three car plants in its homeland: one in Tochigi, and two in Kyushu. As part of its latest turnaround plan, dubbed Re:Nissan, the automaker wants to reduce its production capacity, outside of China, from the current 3.5 million cars per year to 2.5 million. It aims to close seven of its 17 car manufacturing plants, but so far only Shonan and Oppama have been confirmed. A Reuters report in May indicated Nissan is considering closing factories in South Africa and Argentina, and consolidating its manufacturing facilities in Mexico. It will remove the factory in India from its books by selling it to Alliance partner Renault. One plant is officially safe from the gallows: Sunderland, UK, which produces the Qashqai, Juke and Leaf. It's likely the company's factories in the US will be spared the chop too. Nissan has been skating on thin financial ice for about two years, and in May announced a loss of ¥670.9 billion (A$7.1 billion) for the financial year ending March 2025. In response, new Nissan CEO Ivan Espinosa unveiled the Re:Nissan recovery plan, which in addition to plant closures will cut its global workforce by 15 per cent or 20,000 people, set up a cost-cutting "transformation office", and has paused development of vehicles and technology due for launch after March 2027. The automaker is also considering selling its headquarters in Yokohama. MORE: Everything Nissan Content originally sourced from: Nissan is in financial hot water, but it is hoping to lower the temperature a tad by dumping two factories in its homeland. The Oppama factory was opened in 1961, and has concentrated on building small cars. During its long history the plant has produced the Bluebird, Pulsar, Sylphy, Primera, Serena, Juke, Leaf, Tiida, March/Micra, and Cube. In 2007 the factory celebrated making its 15 millionth vehicle. Today, though, it produces just the Note (below) and Note Aura, a tall hatch that competes with the Honda Jazz/Fit. Manufacturing will cease in Oppama by March 2028, and Note production will be moved to Nissan's factory in Kyushu. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Around 2400 of the site's 3900 employees will be laid off. Other facilities surrounding the Oppama factory, including research centre, crash test facility, wharf, and Grandrive proving ground will continue to operate. The company also confirmed it would cease production at the factory in Shonan. This plant currently produces the NV200 Vanette and AD wagon van, and is operated by Nissan Shatai, of which Nissan only owns 50 per cent. The AD wagon van, which debuted way back in 2006, will end its production run in October this year, while the NV200's innings will end in March 2027. The current NV200 was launched in 2009, and once served as New York City's official taxi. It will be replaced a new model that's due to released by 2028. It's safe to say both Oppama and Shonan are running well below their maximum of capacity of 240,000 and 150,000 vehicles per year. Closing both plants, and moving their production elsewhere will help Nissan reduce its overcapacity problem and reduce headcount. Once these two factories are closed, Nissan will have three car plants in its homeland: one in Tochigi, and two in Kyushu. As part of its latest turnaround plan, dubbed Re:Nissan, the automaker wants to reduce its production capacity, outside of China, from the current 3.5 million cars per year to 2.5 million. It aims to close seven of its 17 car manufacturing plants, but so far only Shonan and Oppama have been confirmed. A Reuters report in May indicated Nissan is considering closing factories in South Africa and Argentina, and consolidating its manufacturing facilities in Mexico. It will remove the factory in India from its books by selling it to Alliance partner Renault. One plant is officially safe from the gallows: Sunderland, UK, which produces the Qashqai, Juke and Leaf. It's likely the company's factories in the US will be spared the chop too. Nissan has been skating on thin financial ice for about two years, and in May announced a loss of ¥670.9 billion (A$7.1 billion) for the financial year ending March 2025. In response, new Nissan CEO Ivan Espinosa unveiled the Re:Nissan recovery plan, which in addition to plant closures will cut its global workforce by 15 per cent or 20,000 people, set up a cost-cutting "transformation office", and has paused development of vehicles and technology due for launch after March 2027. The automaker is also considering selling its headquarters in Yokohama. MORE: Everything Nissan Content originally sourced from:
7NEWS
3 days ago
- Automotive
- 7NEWS
Nissan to close two factories in Japan
Nissan is in financial hot water, but it is hoping to lower the temperature a tad by dumping two factories in its homeland. The Oppama factory was opened in 1961, and has concentrated on building small cars. During its long history the plant has produced the Bluebird, Pulsar, Sylphy, Primera, Serena, Juke, Leaf, Tiida, March/Micra, and Cube. In 2007 the factory celebrated making its 15 millionth vehicle. Today, though, it produces just the Note (below) and Note Aura, a tall hatch that competes with the Honda Jazz /Fit. Manufacturing will cease in Oppama by March 2028, and Note production will be moved to Nissan's factory in Kyushu. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Around 2400 of the site's 3900 employees will be laid off. Other facilities surrounding the Oppama factory, including research centre, crash test facility, wharf, and Grandrive proving ground will continue to operate. The company also confirmed it would cease production at the factory in Shonan. This plant currently produces the NV200 Vanette and AD wagon van, and is operated by Nissan Shatai, of which Nissan only owns 50 per cent. The AD wagon van, which debuted way back in 2006, will end its production run in October this year, while the NV200's innings will end in March 2027. The current NV200 was launched in 2009, and once served as New York City's official taxi. It will be replaced a new model that's due to released by 2028. It's safe to say both Oppama and Shonan are running well below their maximum of capacity of 240,000 and 150,000 vehicles per year. Closing both plants, and moving their production elsewhere will help Nissan reduce its overcapacity problem and reduce headcount. Once these two factories are closed, Nissan will have three car plants in its homeland: one in Tochigi, and two in Kyushu. As part of its latest turnaround plan, dubbed Re:Nissan, the automaker wants to reduce its production capacity, outside of China, from the current 3.5 million cars per year to 2.5 million. It aims to close seven of its 17 car manufacturing plants, but so far only Shonan and Oppama have been confirmed. A Reuters report in May indicated Nissan is considering closing factories in South Africa and Argentina, and consolidating its manufacturing facilities in Mexico. It will remove the factory in India from its books by selling it to Alliance partner Renault. One plant is officially safe from the gallows: Sunderland, UK, which produces the Qashqai, Juke and Leaf. It's likely the company's factories in the US will be spared the chop too. Nissan has been skating on thin financial ice for about two years, and in May announced a loss of ¥670.9 billion (A$7.1 billion) for the financial year ending March 2025. In response, new Nissan CEO Ivan Espinosa unveiled the Re:Nissan recovery plan, which in addition to plant closures will cut its global workforce by 15 per cent or 20,000 people, set up a cost-cutting 'transformation office', and has paused development of vehicles and technology due for launch after March 2027. The automaker is also considering selling its headquarters in Yokohama.
Perth Now
3 days ago
- Automotive
- Perth Now
Nissan to close two factories in Japan
Nissan is in financial hot water, but it is hoping to lower the temperature a tad by dumping two factories in its homeland. The Oppama factory was opened in 1961, and has concentrated on building small cars. During its long history the plant has produced the Bluebird, Pulsar, Sylphy, Primera, Serena, Juke, Leaf, Tiida, March/Micra, and Cube. In 2007 the factory celebrated making its 15 millionth vehicle. Today, though, it produces just the Note (below) and Note Aura, a tall hatch that competes with the Honda Jazz/Fit. Manufacturing will cease in Oppama by March 2028, and Note production will be moved to Nissan's factory in Kyushu. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Supplied Credit: CarExpert Supplied Credit: CarExpert Around 2400 of the site's 3900 employees will be laid off. Other facilities surrounding the Oppama factory, including research centre, crash test facility, wharf, and Grandrive proving ground will continue to operate. The company also confirmed it would cease production at the factory in Shonan. This plant currently produces the NV200 Vanette and AD wagon van, and is operated by Nissan Shatai, of which Nissan only owns 50 per cent. The AD wagon van, which debuted way back in 2006, will end its production run in October this year, while the NV200's innings will end in March 2027. The current NV200 was launched in 2009, and once served as New York City's official taxi. It will be replaced a new model that's due to released by 2028. Supplied Credit: CarExpert It's safe to say both Oppama and Shonan are running well below their maximum of capacity of 240,000 and 150,000 vehicles per year. Closing both plants, and moving their production elsewhere will help Nissan reduce its overcapacity problem and reduce headcount. Once these two factories are closed, Nissan will have three car plants in its homeland: one in Tochigi, and two in Kyushu. As part of its latest turnaround plan, dubbed Re:Nissan, the automaker wants to reduce its production capacity, outside of China, from the current 3.5 million cars per year to 2.5 million. It aims to close seven of its 17 car manufacturing plants, but so far only Shonan and Oppama have been confirmed. A Reuters report in May indicated Nissan is considering closing factories in South Africa and Argentina, and consolidating its manufacturing facilities in Mexico. It will remove the factory in India from its books by selling it to Alliance partner Renault. Supplied Credit: CarExpert One plant is officially safe from the gallows: Sunderland, UK, which produces the Qashqai, Juke and Leaf. It's likely the company's factories in the US will be spared the chop too. Nissan has been skating on thin financial ice for about two years, and in May announced a loss of ¥670.9 billion (A$7.1 billion) for the financial year ending March 2025. In response, new Nissan CEO Ivan Espinosa unveiled the Re:Nissan recovery plan, which in addition to plant closures will cut its global workforce by 15 per cent or 20,000 people, set up a cost-cutting 'transformation office', and has paused development of vehicles and technology due for launch after March 2027. The automaker is also considering selling its headquarters in Yokohama. MORE: Everything Nissan
Perth Now
01-07-2025
- Automotive
- Perth Now
Nissan asks suppliers if it can delay payments
Off the back of huge losses, Nissan is facing a cash crunch, and is now resorting to delaying tactics. According to emails seen by Reuters, Nissan asked suppliers in the UK and Europe if they will accept late payments so that the company can have more cash on hand at the end of the current quarter. Nissan wanted to push supplier payments due in June out to August, and even September. Similar tactics were reportedly employed at the end of March to close out the company's financial year. In one email, a director notes his team hasn't achieved its target of freeing up €150 million ($269 million) of cash flow. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Supplied Credit: CarExpert The automaker confirmed to the news agency it had asked some suppliers if they were amenable to more flexible payments whereby 'they could choose to be paid immediately or opt for a later payment with interest'. It added it wanted to delay payments to suppliers so that it had 'sufficient liquidity to weather the costs of the turnaround actions and redeem bond maturities'. Nissan has ¥700 billion (A$7.3 billion) in debt due this current financial year, which ends in March 2026. At the time of writing Nissan has about ¥2.2 trillion (A$23.3 billion) of cash on hand, but the firm expects to have negative free cash flow of around ¥550 billion (A$5.8 billion) in this quarter alone. Nissan doesn't expect to be cash flow positive until some time next year or in early 2027. All three major ratings agencies have adjudged Nissan's long-term debt to be in the upper echelons of the 'junk' or non-investment grades. Further cuts to its debt rating would make it more difficult and more expensive to gain access to loans. Supplied Credit: CarExpert Nissan's UK division has confirmed to local media outlets, including Autocar and The Northern Echo, it is seeking to reduce headcount at its Sunderland factory by 250 people via voluntary redundancies. The plant currently employs around 6000 people, and no manufacturing staff are being let go. The factory currently produces the Qashqai and Juke for the UK, Europe and Australia. It will also make the next-generation Leaf SUV, and new Juke EV. As part of its restructuring plan Nissan will close seven of its 10 car making plants across the world, and reduce its global workforce by 15 per cent or 20,000 people, both by March 2028. Sunderland was first plant to be marked as safe from closure. Nissan has been skating on thin financial ice for the last year-and-a-bit. In May it announced a loss of ¥670.9 billion (A$7.1 billion) for the financial year ending March 2025. Other cost cutting efforts include reducing platforms and development times, potentially selling its Yokohama HQ, and pausing the development of vehicles and technology due for launch after March 2027. It has also established a transformation office' with an initial staff of 300 experts who have been 'empowered to make cost decisions'. MORE: Everything Nissan
7NEWS
01-07-2025
- Automotive
- 7NEWS
Nissan asks suppliers if it can delay payments
Off the back of huge losses, Nissan is facing a cash crunch, and is now resorting to delaying tactics. According to emails seen by Reuters, Nissan asked suppliers in the UK and Europe if they will accept late payments so that the company can have more cash on hand at the end of the current quarter. Nissan wanted to push supplier payments due in June out to August, and even September. Similar tactics were reportedly employed at the end of March to close out the company's financial year. In one email, a director notes his team hasn't achieved its target of freeing up €150 million ($269 million) of cash flow. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. The automaker confirmed to the news agency it had asked some suppliers if they were amenable to more flexible payments whereby 'they could choose to be paid immediately or opt for a later payment with interest'. It added it wanted to delay payments to suppliers so that it had 'sufficient liquidity to weather the costs of the turnaround actions and redeem bond maturities'. Nissan has ¥700 billion (A$7.3 billion) in debt due this current financial year, which ends in March 2026. At the time of writing Nissan has about ¥2.2 trillion (A$23.3 billion) of cash on hand, but the firm expects to have negative free cash flow of around ¥550 billion (A$5.8 billion) in this quarter alone. Nissan doesn't expect to be cash flow positive until some time next year or in early 2027. All three major ratings agencies have adjudged Nissan's long-term debt to be in the upper echelons of the 'junk' or non-investment grades. Further cuts to its debt rating would make it more difficult and more expensive to gain access to loans. Nissan's UK division has confirmed to local media outlets, including Autocar and The Northern Echo, it is seeking to reduce headcount at its Sunderland factory by 250 people via voluntary redundancies. The plant currently employs around 6000 people, and no manufacturing staff are being let go. The factory currently produces the Qashqai and Juke for the UK, Europe and Australia. It will also make the next-generation Leaf SUV, and new Juke EV. As part of its restructuring plan Nissan will close seven of its 10 car making plants across the world, and reduce its global workforce by 15 per cent or 20,000 people, both by March 2028. Sunderland was first plant to be marked as safe from closure. Nissan has been skating on thin financial ice for the last year-and-a-bit. In May it announced a loss of ¥670.9 billion (A$7.1 billion) for the financial year ending March 2025. Other cost cutting efforts include reducing platforms and development times, potentially selling its Yokohama HQ, and pausing the development of vehicles and technology due for launch after March 2027. It has also established a transformation office' with an initial staff of 300 experts who have been 'empowered to make cost decisions'.
