Nissan To Lay Off 1,000 Employees At Mexican Factories, Due To “Challenging Market Conditions”

Nissan Mexico announced that they will lay off around 1,000 workers at its two Mexican factories, citing “challenging market conditions”.

Nissan hasn’t determined yet how the cuts will be distributed between the Cuernavaca and Aguascalientes manufacturing facilities, Reuters reports. However, the company has already begun laying off people in Aguascalientes.

Nissan’s director of corporate communications Brian Brockman said that the Japanese car maker will adjust its production levels “in response to challenging market conditions in Mexico.” The company’s decision to lay off the workers is caused by a“decline suffered by the Mexican automotive industry,” driven by an increase in the cost of raw materials, among other reasons, Nissan said.

Last May, Nissan said that they would reduce their production output in North America by up to 20 percent, as a response to their declining profitability in the US, which is the top market for the company.

Nissan has been producing the Versa sedan in Aguascalientes, as well as the Infiniti QX50, with the company building vans like the NV200 in Cuernavaca.

Nissan is being hit by weak sedan sales, with the Versa being down 30.7 percent from January through November in the US, compared to the same period last year. In total, Nissan’s North American sales are down by 8.4 percent during the second quarter of 2018.

more photos...
Koenigsegg Wants To Build Thousands Of Vehicles A Year, Rival Ferrari

Koenigsegg has ambitious plans to sell supercars in large numbers and target industry leaders.

Skoda Vision IV Concept Interior Previewed Ahead Of Geneva Debut

The Vision IV show car is a coupe-SUV that uses VW Group’s MEB electric vehicle platform.

Sauber F1 Will Lend Its Expertise To Alfa Romeo’s Road Cars – Or Maybe Not

Sauber’s technical director and Alfa Romeo’s head of design expressed different opinions on the issue.

2019 Daytona 500 Featured Your Usual NASCAR 21-Car Pileup

Miraculously, no one was injured, but the stewards had to red flag the race for 25 minutes.

Aston Martin’s ‘Son Of Valkyrie’ Hypercar Will Do The Norse Gods Proud

The Aston Martin 003 hypercar is coming with a turbo V6 hybrid powertrain.

McLaren 600LT Spider Seems Awesome On Track, Can’t Wait For Full Reviews

Watch McLaren’s chief test driver, Kevin Brack, push the 600LT Spider to its limits.

Mercedes Sends Off SLC With New Final Edition. Is It The End Of An Era?

After a successful career, Mercedes is phasing out the SLC / SLK..

New Mercedes-Benz SL Grand Edition Favors Comfort Over Performance

The Mercedes-Benz SL Grand Edition models won’t be sold in the U.S..

Ford’s South American Shake Up Includes Plant Closure, End Of Commercial Truck Business

The closure of Ford’s São Bernardo plant will mean more than 2,700 people will lose their jobs.

Devel Sixteen Extreme Hypercar With Up To 5,007HP, Has A 2-Year Waiting List

In top guise, the Devel Sixteen has a whopping 5,007 hp and 3,757 lb-ft of torque.