Nissan Motor plans to further reduce its presence in Europe and outsource the sale and manufacture of its cars to the Renault alliance, Yomiuri daily newspaper reported Friday.
As part of its global transformation plan, which opposes rapid expansion led by ousted former chairman Carlos Ghosn, Nissan will cut its distribution channels in thirty countries, especially in the east. of Europe. They also plan to close their Avila plant in Spain and turn it into a warehouse, the report said.
The Japanese motor company is currently moving its operations away from Europe and shifting the focus to China, the United States, and Japan.
Nissan, which expects to post a record high 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 targeting operating costs reduced by 300 billion yen over three years.
The company’s three-way alliance with Renault and Mitsubishi Motor was vandalized in 2018, when Ghosn was arrested on charges of financial misconduct, which it denies. He later fled Japan while being investigated by law enforcement and awaiting trial at his home.