Nissan is considering selling its Japanese headquarters as part of its cost-cutting strategies amid declining sales and operational deficiencies.
The Yokohama-based world headquarters may soon be up for sale at an assumed valuation of nearly $700 million USD, as reported by NHK.
Nissan aims to save costs by restructuring operations, including cutting 20,000 jobs and focusing R&D budget on volume-leading models.
The automotive industry trend towards downsizing and cost-cutting has become common, with many automakers, including Nissan, engaging in layoffs and strategic restructuring.