By Chris Wack
--Nissan Motor has abandoned plans to produce a compact electric vehicle at its plant in Mississippi, part of its restructuring efforts, Nikkei is reporting.
--The Japanese automaker had planned to produce five EV models in Canton, Miss., starting in 2026, Nikkei says.
--According to Nikkei, a spokesperson for Nissan North America confirmed the change in plans Wednesday, saying the Canton plant is focusing on other EV projects that can be expected to produce more units.
--Nissan plans to cut 9,000 jobs worldwide, with more than 70% expected to come from factories and other production departments, Nikkei reported.
Full story: https://asia.nikkei.com/Business/Automobiles/Electric-vehicles/Nissan-halts-U.S.-production-plans-for-compact-EVs
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 23, 2025 10:55 ET (15:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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