Nissan Said to Plan Cuts Without Resorting to Plant Closures
- Automaker will instead focus on consolidating existing lines
- Honda has said a recovery is a prerequisite for any alliance
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Nissan Motor Co. plans to repair its flailing business without closing factories, according to people familiar with the matter, as it looks to streamline its finances before a capital tie-up with Honda Motor Co.
Nissan will instead focus on reducing and consolidating existing production lines both in Japan and overseas to cut costs, the people said, asking not to be identified because they’re not authorized to speak publicly. Employee work shifts may also be trimmed, the people said.