Nissan to shut design studios in US and Brazil and downsize London, Japan operations
The Japanese automaker says that the restructuring, which will be completed by the end of fiscal 2025, is aimed at streamlining its design operations
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BENGALURU] Nissan Motor will close its design centres in California and Sao Paulo and scale back operations in London and Japan as part of a realignment of its global design organisation, the company said on Tuesday (Sep 16).
The Japanese automaker said that the restructuring, which will be completed by the end of fiscal 2025, is aimed at streamlining its design operations.
The changes, part of its broader “Re:Nissan” plan, will consolidate its design organisation into five hubs: Los Angeles, London, Shanghai, Tokyo and Japan’s Atsugi.
Nissan said that its Los Angeles “Studio Six” will become its primary US design hub, while London will continue to support the automaker’s Africa, Middle East, India, Europe and Oceania regions in collaboration with partner Renault.
The company did not disclose how many jobs would be affected.
Nissan CEO Ivan Espinosa, who took over in April, in May unveiled the “Re:Nissan” turnaround plan to restore profitability. It included measures such as cutting global production capacity to 2.5 million vehicles from 3.5 million and manufacturing sites to 10 from 17 by fiscal 2027. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant