Nissan closes seven plants amid multibillion-dollar losses

The Japanese automaker is rapidly cutting 20 thousand redundant employees. Nissan’s losses due to business restructuring at the end of the year will amount to $4.2 billion, the company itself predicts.

“Nissan has shut down all seven of its planned assembly plant closures around the world and is ahead of schedule with about 20,000 job cuts, CEO Ivan Espinosa said as he announced the resurgent Japanese automaker had trimmed its projected operating loss,” Automotive News noted.

As part of this strategy, in January 2026, Nissan closed the deal to sell its plant in South Africa to the Chinese Chery. Prior to this, the Japanese withdrew from a joint venture with Renault in Chennai, India (the French bought Nissan’s share), closed a plant in Argentina, and also stopped two Mexican enterprises, including the brand’s oldest foreign plant. Two more production sites closed in Japan.

Nissan CEO Espinosa confirmed that the program has been fully implemented. In addition, the Japanese company is laying off workers ahead of schedule: most of the planned 20 thousand people have already been laid off.

Nissan’s financial results are far from ideal: revenue in the third quarter fell by 5%, global sales dropped by 3% (to 778 thousand cars), and in Japan fell by 20%. For the year, the company forecasts a loss of 650 billion yen ($4.2 billion). At the end of the fiscal year, which ends in March according to Japanese accounting standards, Nissan will reduce vehicle production to 2.9 million versus 3.1 million a year earlier.

Previously, Alpina from Buchlohe came completely under the control of BMW and changed its logo.