Skidding Nissan to halt production at Japanese plant

Tokyo: Struggling auto giant Nissan said Tuesday it will stop production at its plant at Oppama in Japan at the end of its 2027 fiscal year. Nissan...

Tokyo: Struggling auto giant Nissan said Tuesday it will stop production at its plant at Oppama in Japan at the end of its 2027 fiscal year.

Nissan posted a net loss of 671 billion yen ($4.5 billion) last year and it has said it will cut 15 percent of its global workforce.

"The company will cease vehicle production at the Oppama plant at the end of fiscal year 2027," Nissan said in a statement.

Production of the plant outside of Yokahama will be shifted to another existing factory on the southern Japanese island of Kyushu, it said.

One of Nissan's six domestic plants, Oppama employed around 3,900 people as of October 2024 and began operations in 1961, according to the company's website.