Nissan’s recovery plan also aims to cut operating costs by $3.4 billion by aligning production with global demand and strengthening strategic alliances, such as its partnerships with Renault in Europe and Dongfeng in China.

Nissan's only European factory is not part of CEO Ivan Espinosa's plan to close seven plants globally. New electrified models will be added at the plant in Sunderland, England, he said.

Japanese automaker joins other automakers in pointing to new U.S. tariffs as weighing on their financial results.

Nissan Plan' announced Tuesday sets a number of stringent cost-saving measures to pull the car maker out of the red. What does it mean for the 6k workforce in Sunderland?

Ivan Espinosa is mapping a daring route. Nissan Motor’s new CEO, who replaced Makoto Uchida last month, is doubling his predecessor’s planned job cuts and plant closures. Hitting his sales target will be tough in the face of tariffs,

The car maker has announced it will shut seven factories and cut 20,000 jobs globally in a bid to slash costs.

Nissan on Tuesday announced it will close seven of its global vehicle plants and slash its workforce by 20,000 by 2027 as part of a major cost-saving drive to save the company.

Amid major global restructuring, Nissan’s announcement of factory closures has sparked concern among North East MPs, who are urging clarity and assurances over the future of the Sunderland plant and its 6,