Nissan has confirmed the closure of its historic Oppama factory in Japan as part of a broad global restructuring called “Re:Nissan.”
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Nissan may sell its $700 million headquarters amid financial difficulties
Nissan may sell its global headquarters in Yokohama, Japan, valued at around $700 million, as part of a broad restructuring plan to face financial difficulties. The information was reported by outlets such as Nikkei Asia and NHK, which point out that the building appears on a list of assets to be sold by March 2026.
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Honda and Nissan Merger Canceled After Control Disagreement
The merger between Honda and Nissan, planned after the signing of a Memorandum of Understanding in December 2024, has been officially canceled.
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Volkswagen considers selling factory in Germany to Chinese amid financial crisis
Volkswagen is facing a serious crisis in Europe, which has pressured the automaker to reduce costs and restructure its operations.
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Volkswagen announces the end of the T-Roc Cabriolet and other changes to its lineup by 2027
Volkswagen will end production of its only convertible model, the T-Roc Cabrio, by 2027. Manufactured in Osnabrück, Germany, this crossover with an electric retractable roof was an alternative to the Eos and marks the end of an era for the brand’s convertibles.
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KTM Faces Financial Crisis with 265,000 Unsold Motorcycles and Seeks Restructuring
KTM is facing serious financial problems, with 265,000 unsold motorcycles accumulating in inventories around the world. This number was revealed during the company’s bankruptcy hearings, where the future of its restructuring plan was discussed.
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Volkswagen avoids factory closures in Germany with a deal cutting 35,000 jobs by 2030
Volkswagen has announced a deal with European unions to avoid factory closures in Germany and massive strikes.
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Honda and Nissan in Talks for Historic Merger That Could Create Global Automotive Giant
Honda and Nissan are in discussions for a potential merger, which could include Mitsubishi. If realized, this union would create one of the largest automakers in the world, only behind Toyota and Volkswagen.
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Nissan Faces Financial Crisis and Seeks Partnership with Honda to Survive in the Coming Months
Nissan is facing a financial crisis, with dealerships selling cars at a loss, reduced production, and a series of job cuts, totaling more than 9,000 positions eliminated.
Read MoreVolkswagen Announces Unprecedented Factory Closures in Germany as Part of Billion-Dollar Cost-Cutting
Volkswagen plans to close up to three factories in Germany for the first time in its history, as part of a restructuring aimed at cutting more than $4.3 billion in costs.
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