Nissan may sell its headquarters in Japan

Nissan, which is in a difficult financial situation, is exploring the possibility of selling its headquarters in Yokohama, Japan. This was reported by Nikkei on May 23.

According to a local real estate agency, the value of the Nissan headquarters exceeds 100 billion yen ($698 million). Nissan can use the proceeds from the sale to cover its expenses and implement the company's anti-crisis strategy called Re:Nissan, announced earlier in May. Also, according to the publication, the automaker may consider renting out the headquarters premises or selling it with subsequent lease.

Re:Nissan's strategy involves austerity, cost cutting and production reduction. The Japanese manufacturer plans to close seven of the current 17 factories within a few years and cut 20,000 jobs — 15% of the company's staff.

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On May 21, Nissan introduced the Micra model of the new, sixth generation. With the change of generation, the hatchback got a fully electric power plant.

Prior to that, on March 26, Nissan announced a number of new models due to debut before 2027, including the new generation Leaf and Juke.