Nissan to reduce presence in Europe as part of turnaround plan

  • Nissan is cutting production capacity and model numbers by a fifth and aims to slash operating expenses by 300 billion yen over three years.

A Zero Emission badge on a Nissan Leaf electric car at a dealership in UK. (File photo) (Bloomberg)
A Zero Emission badge on a Nissan Leaf electric car at a dealership in UK. (File photo)
View Personalised Offers on
Check Offers icon Check Offers

Nissan Motor is planning to further reduce its presence in Europe and outsource the sales and manufacturing of its cars to alliance partner Renault , the daily Yomiuri newspaper reported on Friday.

As part of its global turnaround plan, which is reversing a rapid expansion led by the ousted former chairman, Carlos Ghosn, Nissan will cut its distribution channels in thirty countries, mainly in East Europe. It is also planning to close its Avila plant in Spain and convert it into a warehouse, the report said.

Also check these Vehicles

Find more Cars
Nissan Magnite (HT Auto photo)
Engine Icon999 cc FuelType IconPetrol
₹ 6 - 11.50 Lakhs
Compare
View Offers
Nissan Sunny 2024 (HT Auto photo)
UPCOMING
Engine Icon1498.0 cc FuelType IconDiesel
₹ 8.50 Lakhs
Alert Me When Launched
Nissan Juke (HT Auto photo)
UPCOMING
Engine Icon998.0 cc FuelType IconPetrol
₹ 10 - 15 Lakhs
Alert Me When Launched
Nissan Leaf (HT Auto photo)
UPCOMING
₹ 30 Lakhs
Alert Me When Launched
Nissan Qashqai (HT Auto photo)
UPCOMING
Engine Icon998.0 cc FuelType IconPetrol
₹ 25 - 30 Lakhs
Alert Me When Launched
Nissan X-trail (HT Auto photo)
Engine Icon1498 cc FuelType IconPetrol
₹ 49.92 Lakhs
Compare
View Offers

The Japanese motor company is currently moving its operations away from Europe and shifting its focus to China, the United States, and Japan.

Nissan, which expects to post a record operating loss of 340 billion yen ($3.25 billion) in the year to March 31, is cutting production capacity and model numbers by a fifth and aims to slash operating expenses by 300 billion yen over three years.

The company's three-way alliance with Renault and Mitsubishi Motor was plunged into uncertainty in 2018, when Ghosn was arrested on financial misconduct charges, which he denies. He later fled Japan while being monitored by law enforcement and awaiting trial at his residence.

Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.

First Published Date: 01 Jan 2021, 08:59 am IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.