Renault and Nissan will tighten the pockets for another $ 5 billion

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Renault and Nissan will tighten the pockets for another $ 5 billion

Renault and Nissan are planning to announce spending cuts in excess of $ 5 billion. This information is divided into the American business newspaper Wall Street Journal, whose reporters are referring to own sources familiar with the situation. Official statements from both automakers expect on Wednesday, Thursday and Friday.

So, the sources claim that Nissan wants to reduce costs still further by around 3 billion dollars. We will remind, the savings on the same amount of the brand reported in the summer of 2019. Since that time, the company managed to cut nearly 15,000 jobs, and the layoffs will continue on the background of reduction of the budget in each Department.

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Another measure is the reduction of production capacity. As a result, annual production capacity, Nissan will reach 5.5 million cars.

For Renault called other numbers: cost reduction of 2.2 billion dollars or 20% over the next three years. According to the specialized media, both brands originally were going to sell about 14 million vehicles by 2022-mu. Now called the other goal – about 10 million.

We will remind, earlier it became known that Nissan Motor can reduce more than 20 thousand employees around the world. This news came from Japan. It is reported that the layoffs will affect mainly Europe and countries with economies in transition.