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Scottish Sun
38 minutes ago
- Automotive
- Scottish Sun
Floundering car brand shuts down dealership forever amid wave of closures after profits dropped by 90% in one year
Scroll to find out if your local dealership is affected ENGINES STALLED Floundering car brand shuts down dealership forever amid wave of closures after profits dropped by 90% in one year Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) 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 company continues to battle financial and leadership challenges. Sign up for Scottish Sun newsletter Sign up 1 Nissan has shut its dealership in Petaluma, California Credit: Getty North Bay Nissan in Petaluma, California closed its doors for the last time at 3pm last Friday with a notice on the store's website stating operations have "concluded". 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. The closure comes as the firm posted its worst financial results in 25 years - forcing it to close a string of dealerships across the world. 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. 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 Nissan owned. 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 Leaf electric car there in 2010, ahead of key rivals. Chief Executive Ivan Espinosa, who took on the job in April, said the decision was extremely difficult, calling the Oppama plant an icon for Nissan. 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.
The Sun
an hour ago
- Automotive
- The Sun
Floundering car brand shuts down dealership forever amid wave of closures after profits dropped by 90% in one year
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 company continues to battle financial and leadership challenges. 1 North Bay Nissan in Petaluma, California closed its doors for the last time at 3pm last Friday with a notice on the store's website stating operations have "concluded". 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. The closure comes as the firm posted its worst financial results in 25 years - forcing it to close a string of dealerships across the world. 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. 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 Nissan owned. 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 Leaf electric car there in 2010, ahead of key rivals. Chief Executive Ivan Espinosa, who took on the job in April, said the decision was extremely difficult, calling the Oppama plant an icon for Nissan. 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.
The Irish Sun
22-07-2025
- Automotive
- The Irish Sun
Crisis-hit car brand ‘to close another two major plants' – days after shutting flagship factory with 2,400 workers
A STRUGGLING car brand will reportedly close another two major plants - days after shutting a flagship factory. The brand is planning to close 3 A major car brand is closing several of its production plants Credit: Getty 3 Two plants will be closed in Mexico Credit: Getty The company launched its Re:Nissan initiative, in which it is earmarking factories across the world for closure. Now, according to Read More on Car News 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 It currently produces the South American version of the Frontier, the N18 Versa and the Mexico-only V-Drive. Meanwhile, COMPAS was only opened 10 years ago as a collaboration between Mercedes-Benz and Most read in Motors The plant produced the Mercedes GLB in 2019, the Infiniti QX50 in 2017, and the QX55 in 2021 - all of which are set to end production. The Sun have approached Nissan for comment about the closure. Final days for Nissan drivers to claim $5k from 'defect' settlement – you can get multiple payouts by filling in form The news comes after Nissan closed 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 2400 jobs will be lost in the closure, which Nissan says was a 'touch but necessary decision'. Chief Executive Ivan Espinosa said: 'I believe it's a vital step toward overcoming our current challenges and building a sustainable future. 'The world is changing by the minute.' The car manufacturer is planning to reduce its 17 plants down to just 10. 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. 3 Nissan is closing 7 of its 17 plants Credit: PA
Scottish Sun
22-07-2025
- Automotive
- Scottish Sun
Crisis-hit car brand ‘to close another two major plants' – days after shutting flagship factory with 2,400 workers
The brand says that closing its flagship plant was a 'tough' decision SHARP TURN Crisis-hit car brand 'to close another two major plants' – days after shutting flagship factory with 2,400 workers A STRUGGLING car brand will reportedly close another two major plants - days after shutting a flagship factory. The brand is planning to close the plants down as part of its huge global restructuring plan. Advertisement 3 A major car brand is closing several of its production plants Credit: Getty 3 Two plants will be closed in Mexico Credit: Getty Nissan has been battling with rising debt and manufacturing in recent years, forcing the company to desperately re-evaluate its business strategy. The company launched its Re:Nissan initiative, in which it is earmarking factories across the world for closure. Now, according to Automotive News,, Nissan is has earmarked two factories in Mexico for closure. Nissan is planning to close its Civac plant in Morelos and the Cooperation Manufacturing Plant Aguascalientes (COMPAS) plant in Aguascalientes. Advertisement 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 Nissan ever owned. It currently produces the South American version of the Frontier, the N18 Versa and the Mexico-only V-Drive. Meanwhile, COMPAS was only opened 10 years ago as a collaboration between Mercedes-Benz and Nissan. Advertisement The plant produced the Mercedes GLB in 2019, the Infiniti QX50 in 2017, and the QX55 in 2021 - all of which are set to end production. The Sun have approached Nissan for comment about the closure. Final days for Nissan drivers to claim $5k from 'defect' settlement – you can get multiple payouts by filling in form The news comes after Nissan closed 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. Advertisement Over 2400 jobs will be lost in the closure, which Nissan says was a 'touch but necessary decision'. Chief Executive Ivan Espinosa said: 'I believe it's a vital step toward overcoming our current challenges and building a sustainable future. 'The world is changing by the minute.' The car manufacturer is planning to reduce its 17 plants down to just 10. Advertisement 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.
