Nissan plans 30% cut in output to December as coronavirus hits demand: Sources

Nissan plans to produce around 2.6 million vehicles between April and December, down from 3.7 million during the same period last year.
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| Updated on: 16 Jul 2020, 04:31 PM
A logo of Japan car manufacturer Nissan is pictured at a dealership Kyiv, Ukraine. (REUTERS)
A logo of Japan car manufacturer Nissan is pictured at a dealership Kyiv, Ukraine. (REUTERS)

Nissan Motor Co is planning a 30% year-on-year cut in global vehicle production through December as falling demand due to the coronavirus complicates its efforts to recover profitability, two sources with knowledge of the matter have told Reuters.

Japan's No. 2 automaker plans to produce around 2.6 million vehicles between April and December, down from 3.7 million during the same period last year, the sources said.

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(Also read: Nissan Magnite sub-compact SUV concept revealed, will take on Venue and Brezza)

Global automakers are struggling after factories were shuttered earlier this year to stem the spread of the coronavirus outbreak.

Car dealerships were also closed in many countries, pummelling vehicle sales in March through May, although the fall in sales slowed in June.

First Published Date: 16 Jul 2020, 04:31 PM IST
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