A STRUGGLING car manufacturer is to shut its flagship factory which employs 2,400 workers, with its boss calling it a “tough ...

As Nissan faces financial perils, it has closed the first of seven plants as part of the company’s recovery plan.

Nissan will close its Oppama and Shonan factories as it aims to cut production capacity, and stem the tide of red ink.

Nissan racked up a loss of ¥670.9 billion (€3.9bn) for the fiscal year through March, down from a ¥426.6bn (€2.5bn) profit recorded in the previous fiscal year. Its chief executive Ivan Espinosa took ...

Nissan Motor Co. announced its determination to carry out restructuring measures without exceptions — it will effectively close its Oppama plant in Yokosuka, Kanagawa Prefecture, a symbol of its ...