Motor News

Nissan restructuring may assume cut of 1 million cars to annual sales target

Even before the spread of the coronavirus, Nissan’s sales and profits had been slumping and it was burning through cash, forcing it to row back on an aggressive expansion plan pursued by ousted leader Carlos Ghosn. The pandemic has only piled on urgency and pressure to renewed efforts to downsize, rapports Reuters.

But Nissan’s plans for restructuring through to March 2023 should be based on the assumption that it would only be able to return to annual sales of 5 million cars by then, two sources said, adding this would entail a large reduction to manufacturing capacity.

Find out more:  Reuters