When Nissan's Oppama plant opened in 1961, it was one of Japan's first large-scale auto factories and a symbol of the company's global ambitions. Sixty-four years and millions of cars later, the storied plant now faces possible closure as Nissan sinks deeper into crisis.
Nissan Motor Co, one of Japan's leading automakers, is reportedly embarking on a significant financial restructuring by seeking to raise over $7 billion through a combination of debt issuance and asset sales.
The UK government is set to guarantee a £1 billion loan to Nissan as part of a major restructuring plan aimed at stabilising the troubled Japanese carmaker, according to a report from Bloomberg. The support, through UK Export Finance, the country's official export credit agency, comes as Nissan faces mounting financial pressures, with plans to cut 20,000 jobs globally and shut down seven factor...
Japan's Nissan has started offering buyouts to U.S. workers and has suspended merit-based wage increases worldwide, internal emails reviewed by Reuters showed, as the automaker expands cost cuts amid weak performance in key markets.
Japanese automaker Nissan is considering raising more than 1 trillion yen ($7 billion) by issuing convertible securities and bonds, as well as a syndicated loan guaranteed by the UK government, Bloomberg News said on Wednesday.
Four decades ago, Hiroko Suzuki's father threaded the needle of a U.S. trade war by pushing the family auto-parts business into newer niche products. Now, tariffs imposed by the Trump administration are so sweeping they threaten her own attempt to diversify the 78-year-old company into medical devices.
Ford Motor Company (NYSE:F) is allowing Nissan to use part of its battery manufacturing facility in Kentucky amid a slowdown in electric vehicle demand, according to a Wall Street Journal (WSJ) report. This Kentucky plant is one of two battery factories Ford launched in 2021 as part of a $7 billion investment in partnership with South Korea's SK On.
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