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.”

Japan's Nissan Motor is in talks to allow Taiwan's Foxconn to use one of the automaker's domestic factories to build electric vehicles, said two people familiar with the matter, a deal that could save the plant from closure.