💨 Abstract

Nissan, Japan's third-largest carmaker, is considering selling its £500m global headquarters in Yokohama to fund a £1.3 billion cost-cutting plan. The company aims to reduce its workforce by 20,000 employees and close seven factories by 2027. Nissan's financial struggles, exacerbated by overcapacity and global market shifts, have led to drastic measures under the 'Re:Nissan' plan.

Courtesy: Jordan Farrell