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Nissan to Overhaul Japan Business

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Nissan (TYO:7201) will undergo a comprehensive restructuring of its Japan business aimed at improving costs, while expanding its product lineup for domestic and export markets, according to a statement on Thursday.

The company will broaden its offering across kei cars, electrified vehicles, SUVs, minivans and sports cars and increase use of common technologies, architectures and product families to accelerate development and improve efficiency.

Further, Nissan will align manufacturing, with the Tochigi Plant designated as its High Tech Hub for sports cars, electrified vehicles and minivans, Nissan Motor Kyushu as its Global Model Hub for B- and C-segment vehicles, and Nissan Shatai Kyushu specializing in body-on-frame and light commercial vehicles.

The initiative supports Nissan's ambition of producing approximately one million vehicles annually in Japan, while reducing exposure to market-specific and foreign exchange volatility through a stronger export base.

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