The auto market was undergoing a slowdown; last month's figures show that Nissan Motor is preparing to give away its popular Datsun brand. With this, the company is preparing to eliminate non-profitable products and close many assembly lines around the world. Two sources of the company aware of the matter gave this information. He said that the company planned to reorganize its business to increase profits. Internally known as the 'Performance Recovery Plan', the company is going to change the strategy of the ousted head Carlos Gone, under which he was pursuing major sales targets in the US and other major markets. .
According to sources, this is an initiative to get the company out of the crisis after Gone was arrested on charges of financial fraud. The scandal not only jolted the already poorly run alliance with Renault SA but also put Nissan in trouble as it reported the lowest operating profit in the last 11 years. Can shut down because they are running in deficit. Sales and non-profit variants include single-cab and diesel models. Not only this, the plan to shut down the low-utility production plants could also give a big blow to Datsun and other small car making plants in emerging markets. According to the source, factories in all markets except China are producing at low capacity. However, information has also been received that there is no plan to shut down the entire plant or production in any country.
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