US EditionGM Korea to Sell Non-Core Assets, Service Centers Amid Sluggish Sales
- Nissan, a struggling Japanese automaker, plans to sell its global headquarters in Yokohama by March 2026 amid severe financial losses.
- This potential sale follows Nissan's announcement of a ¥670.9 billion loss for the year ending March 2025 and a larger restructuring plan involving factory closures and job cuts.
- Nissan aims to close seven factories worldwide, including two in Japan, and reduce its workforce by 20,000 employees by 2027 to cut costs and improve profitability.
- The Yokohama headquarters, located near the Katabira River and Yokohama station, is valued at about ¥100 billion , and Nissan may lease back the site after selling it.
- Proceeds from asset sales like the headquarters will support Nissan’s Re:Nissan recovery plan, which targets ¥500 billion in savings and aims to restore operating profitability by fiscal year 2026.
12 Articles
12 Articles
GM Korea to sell non-core assets, service centers amid sluggish sales
GM Korea, the South Korean unit of General Motors Co., said Wednesday it will dispose of non-core assets and directly managed service centers as part of its efforts to sustain operations amid weak dem...
Nissan's Former President Uchida Makoto and Four Others to Receive over 600 Million Yen in Retirement Compensation
It was revealed on the 27th that Nissan Motor's former president Uchida Makoto and four other executive officers will receive a total of 646 million yen in compensation following their retirement. The company revealed this in a notice of a general shareholders' meeting published on the same day. With the company expecting a consolidated net loss of 670.8 billion yen for the fiscal year ending March 2025 (compared to a profit of 426.6 billion yen…
Major car firm ‘may sell £500m headquarters to survive’ – weeks after axing 20,000 staff and £4bn losses - Business Fast
A MAJOR car firm may sell their £500m global headquarters to cut costs in its fight for survival. This comes after a huge wave of cuts was announced worth a staggering £1.3 billion in addition to axing tens-of-thousands of jobs. 3 Major car firm Nissan may be forced to sell its £500 million headquartersCredit: Getty 3 Cost-cutting measures will see thousands of job losses with multiple factory closuresCredit: AFP Cash-strapped Nissan, Japan’s …
Coverage Details
Bias Distribution
- 67% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
