En 
Fr Business
Genesis Canada partners with Lane Hutson of the Montreal Canadiens
Genesis Canada is continuing to strengthen its position in the luxury and professional sports space by announcing a new partnership with Lane Hutson, defenceman for the Montreal Canadiens and recipient of the 2024-2025 Calder Trophy. This marks the brand's fir...
Genesis Canada partners with Lane Hutson of the Montreal Canadiens
Genesis Canada is continuing to strengthen its position...
Bill 15 update: Progress on Right to Repair in Manitoba
The right-to-repair file continues to move forward in M...
The Return of the Camaro?
Nothing has been confirmed yet, but rumours continue to...
Éric Descarries
Hits: 1183
Nissan announces its future plans
Éric Descarries
Hits: 1183
Nissan, the Japanese automaker in trouble that recently saw its alliance with Honda dissolved, just announced its latest future plans, some of which are more drastic than initially announced.
Among these are cost reductions through fiscal year 2027. To achieve this, Nissan plans to reduce its number of platforms from 13 to 7 over the next ten years and simultaneously decrease parts complexity by 70%.
The automaker also intends to close seven of its seventeen plants (including three in the United States and one in Mexico), retaining only ten.
It should be noted that its plans to establish a lithium iron phosphate (LFP) battery manufacturing plant in Kyushu, Japan, are currently on hold.
Its plan, dubbed Re:Nissan, includes workforce reductions of up to 20,000 jobs (compared with 9,000 earlier).
Observers attribute these struggles partly to fears of an offensive by Chinese automakers, but primarily to Nissan’s past indifference to the consumer shift from small cars to vans.
(Photo: Nissan)
Éric Descarries
L'Automobile Magazine
News
Business Directory
