TOKYO -- Japanese automaker Nissan Motor will cut seven of its 17 factories under its new CEO's sweeping restructuring strategy aimed at turning the loss-making company around.
Nissan will consolidate its factories in Thailand, and move production in Argentina to Brazil, as part of those plans, President and CEO Ivan Espinosa said at a press conference on Tuesday. He added that the company is undertaking "a global assessment, including Japan."
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)