Nissan ponders building cars for Chinese rivals at Sunderland plant
Summary
Nissan’s chief executive said the company is thinking about making cars for other brands at its Sunderland factory in the UK. This follows big losses and the closure of one production line, as Nissan looks for ways to add more work to the plant amid weak sales.Key Facts
- Nissan is considering building cars for Chinese rival Chery at its Sunderland plant.
- The Sunderland factory employs about 6,000 people and recently closed one of its two production lines.
- Nissan reported a net loss of around £2.5 billion for the year ending March.
- Other European carmakers are also discussing sharing factories with Chinese brands to use spare capacity.
- Chinese car sales in Europe have risen because their cars often cost less to make.
- Nissan plans to cut costs and work more closely with external partners to stay competitive.
- The company faces challenges from tariffs and strong competition, especially from China.
- Nissan’s CEO Ivan Espinosa took charge a year ago with a goal to improve profitability.
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