Nissan to shut Mexico plant, cites cost cuts and restructure
Nissan will shut its Cuernavaca plant by March 2026, ending 60 years of operations. Models like NP300 and Versa will shift to Aguascalientes under the firm's "Re:Nissan" plan. The move aims to cut global sites from 17 to 10. CEO Ivan Espinosa called it "difficult but necessary" amid mounting debt and delayed EV rollouts.