Nissan Motor Corporation announced on Thursday that global production in October declined for the fifth consecutive month, with most of its manufacturing centers experiencing declines in production except Mexico.
The company's global sales have also declined for the seventh consecutive month, but sales in the core market, the USA, have shown growth for the first time in three months.
Earlier this month, Nissan announced plans to lay off 9,000 employees globally and cut production capacity by 20% to reduce costs.
Nissan's global production in October was down 6% compared to the same period last year, totaling 290,848 units. Production in the USA and China both declined by 15%, while production in the United Kingdom and Japan dropped by 23% and 4% respectively.
One bright spot is Mexico, where Nissan saw a 12% increase in production to reach 70,382 units, accounting for approximately a quarter of its global production.
However, this may face pressure as President-elect Trump announced this week that he will impose a 25% tariff on goods imported from Canada and Mexico after taking office in January next year.
Nissan's CEO, Makoto Uchida, mentioned shortly after Trump's election victory that the company has exported around 0.3 million vehicles from Mexico to the USA this year and will closely monitor the tariff plans.
In October of this year, Nissan's car sales in the USA grew by 13%, the first increase since July last year, with the compact sedan Sentra showing the largest sales increase. The company also saw sales growth in Mexico and Canada, but experienced double-digit declines in sales in China and Europe, resulting in a 3% global sales drop.