global automotive market

  • Nissan Sells $630 Million Headquarters Amid $1.4 Billion Loss: Inside the Automaker

    Nissan Sells $630 Million Headquarters Amid $1.4 Billion Loss: Inside the Automaker's Recovery Strategy

    Nov 06, 2025 05:29 pm CST

    Nissan Motor Co. has sold its Yokohama headquarters for $630 million while reporting a $1.4 billion first-half loss. The struggling automaker will lease back the building while using proceeds to accelerate digital transformation and AI implementation. New CEO Ivan Espinosa remains confident in the company's recovery plan, which includes workforce reduction and factory closures, as the Japanese automotive sector faces global challenges including U.S. tariffs.