Nissan’s state of affairs is dire, and its new CEO is implementing drastic measures to show across the firm’s fortunes. Final week, the automaker introduced it could shut its Oppama Plant in Japan by March 2028. It’s one among seven Nissan vegetation to shut, and the opposite six might embody two factories in Mexico.

A brand new report from Automotive Information, citing “two individuals with data of the matter,” alleges the Japanese automaker will shutter its Civac plant by March 2027, which Nissan has been working for almost 60 years. It was the corporate’s first manufacturing facility exterior Japan, and at the moment builds the Navara and Latin America Frontier.

An organization spokesperson informed Autonews a closing choice hasn’t been made about which vegetation it’ll shut subsequent.

The report additionally alleges that the Japanese automaker will dissolve its partnership with Mercedes-Benz early subsequent yr after it concludes producing two Infiniti crossovers, the QX50 and QX55, at its COMPAS facility. Nissan introduced in January that it’d finish manufacturing of the 2 fashions this December. Employees construct the Infinitis alongside the Mercedes GLB.

Along with closing seven factories, decreasing the quantity it operates to 10, Nissan goals to decrease manufacturing capability by 30 p.c by 2027 and scale back its workforce by 20,000. In Might, the corporate introduced it had paused growth of sure fashions, reassigning staff to “give attention to value discount initiatives,” even because the automaker works to scale back the time it takes to launch next-generation fashions.

Nissan’s Unsure Future

Nissan’s new CEO has a number of work to do, and it looks like each choice is on the desk. A report from earlier this month alleged Nissan may construct Honda-branded vans at its Mississippi manufacturing facility. This may assist Honda keep away from President Donald Trump’s tariffs on imported automobiles and permit Nissan to convey the manufacturing facility’s manufacturing capability nearer to full utilization. Nonetheless, the corporate hasn’t made any official bulletins.

The corporate is implementing its “Re:Nissan” restoration plan, which incorporates shedding roughly 20,000 individuals, primarily by way of plant closures. It’ll additionally work to convey its manufacturing utilization to one hundred pc at its remaining factories. It’ll additionally try to scale back engineering prices by 20 p.c, whereas asking suppliers to take IOUs.

If all goes in line with plan, Nissan might save $3.4 billion. However this plan arrives after Nissan recorded a web lack of $4.5 billion final yr.