Nissan (NSANY) is considering the sale of its Yokohama headquarters in addition to cutting seven of its 17 global factories, Nikkei Asia reports. The headquarters is estimated to be worth over $698M and Nissan would use the money to cover the costs associated with the plant reductions, according to the report.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSANY:
- Tariff crossfire hits Toyota, Nissan suppliers in Japan, Reuters reports
- Senate votes in favor of blocking California ban on gas-only vehicles
- Ford Leases Out Part of a Kentucky EV Battery Plant: Ford Stock (NYSE:F) Slips
- Target slides after cutting sales forecast: Morning Buzz
- Ford to let Nissan use part of Kentucky battery factory, WSJ reports