India, May 16 -- Nissan is weighing options to integrate its long-standing Chinese joint venture partner, Dongfeng, into its global manufacturing network as part of a broad cost-cutting and restructuring effort, CEO Ivan Espinosa said this week.
The move could see Dongfeng share production facilities around the world, enhancing efficiency and flexibility within Nissan's global operations.
The announcement follows Nissan's disclosure that it will cut 11,000 jobs and shut down seven factories worldwide, though specific locations have yet to be confirmed. Combined with 9,000 layoffs announced last November, the company is reducing its global workforce by 15 percent, approximately 20,000 jobs, as it battles declining sales in the United State...