FILE PHOTO: The logo of Nissan Motor Corp. is displayed the company's showroom in Tokyo, Japan November 11, 2020. REUTERS/Issei KatoNissan Motor is planning to further reduce its presence in Europe and outsource the sales and manufacturing of its cars to alliance partner Renault, the daily Yomiuri newspaper reported on Friday. As part of its global turnaround plan, which is reversing a rapid expansion led by the ousted former chairman, Carlos Ghosn, Nissan will cut its distribution channels in thirty countries, mainly in East Europe. It is also planning to close its Avila plant in Spain and convert it into a warehouse, the report said. The Japanese motor company is currently moving its operations away from Europe and shifting its focus to China, the United States, and Japan.

Source: Standard Digital January 01, 2021 12:00 UTC