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| Nissan says it could share global plants with Chinese state firm Dongfeng | Nissan says it could share global plants with Chinese state firm Dongfeng |
| (about 4 hours later) | |
| Nissan employs around 6,000 people in Sunderland | Nissan employs around 6,000 people in Sunderland |
| Car maker Nissan says it is open to sharing factories around the world with its Chinese state-owned partner Dongfeng as it shakes up its business. | Car maker Nissan says it is open to sharing factories around the world with its Chinese state-owned partner Dongfeng as it shakes up its business. |
| The Japanese firm, which employs thousands of people in the UK, told the BBC it could bring Dongfeng "into the Nissan production eco-system globally." | The Japanese firm, which employs thousands of people in the UK, told the BBC it could bring Dongfeng "into the Nissan production eco-system globally." |
| This week, the struggling company said it would lay off 11,000 workers and shut seven factories but did not say where the cuts would be made. | This week, the struggling company said it would lay off 11,000 workers and shut seven factories but did not say where the cuts would be made. |
| Speaking about Nissan's UK plant on Thursday at a conference organised by the Financial Times, its boss Ivan Espinosa said: "We have announced that we are launching new cars in Sunderland... In the very short term, there's no intention to go around Sunderland." | |
| Nissan's latest job cuts came on top of 9,000 layoffs announced in November as it faces weak sales in key markets such as the US and China. | Nissan's latest job cuts came on top of 9,000 layoffs announced in November as it faces weak sales in key markets such as the US and China. |
| The total cuts will hit 15% of its workforce as part of a cost saving effort that it said would reduce its global production by a fifth. | The total cuts will hit 15% of its workforce as part of a cost saving effort that it said would reduce its global production by a fifth. |
| Nissan's own brands have struggled to make in-roads to China, which is the world's biggest car market, as stiff competition has led to falling prices. | Nissan's own brands have struggled to make in-roads to China, which is the world's biggest car market, as stiff competition has led to falling prices. |
| It has partnered with Beijing-controlled Dongfeng for over 20 years and they currently work together to build cars in the Chinese city of Wuhan. | It has partnered with Beijing-controlled Dongfeng for over 20 years and they currently work together to build cars in the Chinese city of Wuhan. |
| Nissan employs around 133,500 people globally, with about 6,000 workers in Sunderland. | Nissan employs around 133,500 people globally, with about 6,000 workers in Sunderland. |
| The firm has also faced a number of leadership changes and failed merger talks with its larger rival Honda. | The firm has also faced a number of leadership changes and failed merger talks with its larger rival Honda. |
| Negotiations between the two collapsed in February after the firms were unable to agree on a multi-billion-dollar tie-up. | Negotiations between the two collapsed in February after the firms were unable to agree on a multi-billion-dollar tie-up. |
| After the failure of the talks, then-chief executive Makoto Uchida was replaced by Mr Espinosa, who was the company's chief planning officer and head of its motorsports division. | After the failure of the talks, then-chief executive Makoto Uchida was replaced by Mr Espinosa, who was the company's chief planning officer and head of its motorsports division. |
| This week, Nissan also reported an annual loss of 670 billion yen ($4.6bn; £3.4bn), with US President Donald Trump's tariffs putting further pressure on the struggling firm. | This week, Nissan also reported an annual loss of 670 billion yen ($4.6bn; £3.4bn), with US President Donald Trump's tariffs putting further pressure on the struggling firm. |
| This month, Nissan's battery partner AESC secured a £1bn ($1.3bn) funding package from the UK government for a new plant in Sunderland. | This month, Nissan's battery partner AESC secured a £1bn ($1.3bn) funding package from the UK government for a new plant in Sunderland. |
| It will produce batteries for the Juke and Leaf electric models. | It will produce batteries for the Juke and Leaf electric models. |
| Visiting the site, Chancellor of the Exchequer Rachel Reeves said the move would "deliver much-needed high-quality, well-paid jobs to the North East". | Visiting the site, Chancellor of the Exchequer Rachel Reeves said the move would "deliver much-needed high-quality, well-paid jobs to the North East". |