Nissan to further cut its presence in Europe

Nissan intends to further cut its presence in Europe and outsource its car manufacturing and sales operations to alliance partner Renault, Japanese publication Yomiuri reported.

Nissan will reduce its distribution channels in 30 countries, especially in Eastern Europe.

The company also plans to close its plant in Avila, Spain, and turn it into a warehouse, according to Yomiuri, who did not provide details on the level of outsourcing of Nissan’s operations.

To make a profit, Nissan recently decided to cut hundreds of jobs at its plant in Sunderland (UK) and close its plant in Barcelona (Spain).

Over the next four years, Nissan will cut its production capacity by a fifth and the range of models to reduce its fixed costs by 300 billion yen ($ 2.8 billion).

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