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Drastic instances name for drastic measures. Amid a collection of cost-cutting efforts in its battle for survival, Nissan may additionally half methods with its international headquarters. The troubled Japanese automaker moved its base from Tokyo to Yokohama in 2009, following two years of development. Positioned within the Minato-Mirai 21 district, the constructing is estimated to be value over 100 billion yen, or about $700 million, in line with an area realtor.
A contemporary report from Nikkei Asia claims the HQ seems on a listing of property Nissan intends to promote by the top of March 2026. The corporate’s newly appointed CEO, Ivan Espinosa, has already introduced upcoming asset gross sales, though he hasn’t explicitly talked about the complicated. Nippon Hoso Kyokai (Japan Broadcasting Company), or NHK, additionally alleges the constructing is up for grabs.
Picture by: Nissan
Even when Nissan decides to promote its international headquarters, it could proceed utilizing the ability by leasing it from the brand new proprietor. This wouldn’t be with out precedent within the automotive business. McLaren did the identical a couple of years in the past with its HQ in Woking via a sale-and-leaseback deal to scale back debt.
Promoting its headquarters could be yet one more entry in a rising record of main cost-cutting strikes following a $4.5 billion loss final yr. Nissan is closing seven factories, together with two home websites, reportedly recognized because the Oppama and Shonan crops. The workforce will likely be considerably diminished, with 20,000 jobs to be eradicated within the coming years.
Nissan is even halting the event of sure fashions to chop bills. Moreover, six car platforms are being dropped, leaving simply seven within the lineup. One other purpose is to unify extra merchandise by lowering elements complexity by 70 %. After the failed merger with Honda, Nissan is making an attempt to determine how you can survive by itself.
To know the seriousness of the scenario, take into account that some 3,000 R&D staff have been reassigned to work on “value discount initiatives.” Elsewhere, badge-engineered vehicles just like the Micra/Renault 5 will assist carry new fashions to market by leveraging Renault. Nissan additionally goals to strengthen its partnership with Mitsubishi to speed up the event of latest merchandise. It would even permit its Chinese language accomplice, Dongfeng, to construct vehicles at a few of its underused factories.