Nissan recently laid down its four-year plan that it plans to run until the end of the 2023 fiscal year. With that plan, the Japanese carmaker aims to right-size its production as well as cut down its global lineup in order to bounce back from its losses in recent years.
However, 2020 hasn’t been kind to the global automotive industry, and it appears that a recuperating Nissan has to downsize its production a lot more than it initially planned.
From January to April 2020, Nissan produced a little over one million vehicles across the globe. However, as the coronavirus pandemic continues, demand has continued to fall, and it has taken its toll on Nissan’s scheduled recovery. According to a Reuters report, the company is planning to cut its production targets for April to December 2020 further down to just 2.6 million vehicles as a result.
Assuming Nissan did meet that target, then it would have produced around 3.6 million units by the end of the year. That’s even lower than its production numbers for April to December of 2019, which was at 3.7 million. Furthermore, that’s well below its target of 5.4 million units per year under the four-year plan.