Nissan Motor Co will stop producing vehicles at its Oppama plant in Japan by March 2028 and transfer operations to its factory in the southern prefecture of Fukuoka as part of a global restructuring plan to cut capacity,

Nissan will further delay the production of three all-new fully electric SUVs at its Canton, Mississippi plant, marking a three-year postponement from the originally planned 2025 debut.

The carmaker has been looking for solid financing and new business partners after it lost a lifeline with the collapse of its tie-up with Honda.

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Nissan says it is closing its flagship factory in Oppama, Japan, to cut costs and moving all its production there to another plant in southwestern Japan.

Nissan Motor has suspended U.S. production of three vehicle models for Canada amid mutual tariffs imposed by the U.S. and Canada on auto imports.

The NHTSA has officially closed its investigation into over 2 million Nissan vehicles for rear suspension arm issues without issuing a recall, citing a drop in complaints and Nissan’s extended warranty coverage.

The automaker went on to note their Re:Nissan plan calls for cutting global production capacity from 3.5 million units to 2.5 million units – excluding China. The company is hopeful that these cuts can increase plant utilization rates to around 100%. Nissan added they’ve been “considering the consolidation of production sites from 17 to 10.”