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Coronavirus

Nissan to Close Indonesia, Spain Auto Plants after Losses

TOKYO — Nissan announced Thursday it will be closing two auto plants, in Spain and Indonesia, as it sank into the red for the first time in 11 years, as the coronavirus pandemic sent global demand plunging and halted production.

Nissan’s Chief Executive Makoto Uchida told reporters the production in Europe will be centered at the British plant in Sunderland, and the production in Indonesia will move to Thailand, as the Japanese automaker reduces global production by 20%.

Nissan Motor Co. reported Thursday a 671.2 billion yen ($6.2 billion) loss for the fiscal year ended in March, its first annual loss since getting slammed by aftermath of the financial crisis in the year ending in March 2009.

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