Nissan Motor to reduce presence in Europe as part of turnaround plan

Topics Nissan Motor | Europe

TOKYO (Reuters) - Nissan 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.

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