Nissan
- Thread starter Dawg1969
- Start date
Looks like the Honda/Nissan merger fell apart. I assume that’s what he means.
Wow, I didn't realize they may not survive 2025. Industry insiders don't think they will.
Nissan financial board is 105% insane. No surprise they could not find a path forward the first time. Nissan is asking too much and the waiting game favors Honda tremendously.
Nissan feels like they are too good to be a subsidiary of Honda. I'm thinking they better grab any lifesaver they can get their hands on. Lot of paychecks get written thanks to that plant but sounds like it's gonna end up getting the axe. Tennessee is a much more efficient facility. Production cuts are already coming in April. If Nissan can't find a partner to fund their company it's gonna be bleak before next Christmas. I hate to get laid off but it looks more and more likely
That plant closing would be a big hit for this area. I'm not sure that there is anything that could make use of it, but I could be wrong. The old Packard Electric plant in Clinton never turned into anything after it closed down and in my opinion, besides being old, it was a better layout for potential other uses. If you thought abandoned Walmart stores looked like crap...here's hoping we don't start the rust belt of the south...
As I heard it, Nissan wanted to maintain control despite Honda pouring in all the proposed capital. That makes a ton of sense, leave the failing guys in control over the successful ones.***
Is there something keeping them from declaring bankruptcy and restructuring? I'm assuming that's the plan if they don't find a suitable merger.
Madison/Gluckstadt area has many supporting businesses that would not be needed any longer. It would create a ton of industrial vacancies, beyond just the Nissan plant itself. I don't have any information on actual $$$ impact, but it would be bad. I know that a lot of the line workers at Nissan drive in from surrounding counties and beyond, so I think that it would be pretty far reaching as far as not having an immediate replacement for skilled labor positions that pay well.
Exactly, I have friends from Vicksburg, Clinton and Utica that work there.
Tater better be trying to find a car builder for that plant. Maybe he should call Elon. How hard would it be to train and tool up for Muskmobiles?
Governor Porky will just pray to Orange Satan to make Mississippi great again
According to google, Nissan had revenue that would be equivalent to $66 billion US dollars in 2023. It’s hard to imagine someone not wanting a part of that revenue. I have no idea exactly what Nissan’s issues are but I’m betting bankruptcy and a buyer as a result of that process is incoming. Hard to imagine Nissan’s assets and revenue just disappearing. Now someone could come in and buy them and the canton plant shut down.
The Japanese Government will not let a Japanese Manufactory that has been around as long as they have to fail.,
It's hard to imagine Nissan folding with the history that they have. It's too much of a namesake brand in Japan and the United States for it to just disappear. Somebody will end up making a play for it.
I’m still baffled they’ve done something so poorly in management to reach this point.
Nissan's assets and factories won't fail, they just think they have more value than Honda thinks they do. It is a pride thing more than money. Honda wants the good things from Nissan but not the bad things which hurts Nissan's Japanese pride. They will get over it. Many men have given their lives to build Nissan to what it is today and now it is the end of that ride. Honda will absorb what's left and keep the factories rolling, making the good things and not the bad things.
I think that's what Nissan thought and that made them think their bargaining position with Honda was better than it is.
Most of Nissan's assets will end up being utilized, but I'm not sure the Canton plant will be one of them. Not sure how they've kept up with modernizing it, but it's an older plant. Also not sure what it's workforce is like. I would assume it's ok but probably not something that is looked at as an advantage for that location.
The cost of labor in MS is probably lower than any state in the country. If they don't keep that plant operational it would be a mistake
I'm predicting it will be used. Worst case, another manufacturer picks it up. The cost to build a plant like that with that much supporting infrastructure around it is probably 10X. Honda clearly wants that location, most SW location they would have in the USA. They have Lincoln, Alabama but as they grow they would want Canton.
An auto plant as big as an airport that opened 20 years ago is considered older??
The workforce is sub par. The plant floods everything it rains. The floors are sinking into the swamp land they built it on. Tennessee builds better units at a cheaper cost per unit even tho they get paid more. Unless you are building several vehicles here it's more costly to keep the lights turned on than to simply increase production at Smyrna. I was hoping for Honda merger you keep Nissan afloat for another 3 years. I wouldn't care in 2 or 3 years
The capital area affects the rest of the state. A stronger Jackson is a stronger Mississippi
Nissan's plans as of yesterday.......supposedly
Weren't the French involved at some point? Maybe they just threw in the towel.***
Hate to say it, but Nissan leaving Canton could be a gut punch to the town akin to Bryan Foods leaving West Point.
I just don't know how big of a factor that is compared to quality control issues. Maybe it's still basically the biggest factor, really have no clue.
As bad a shape as Jackson is in, it would be in much worse shape without Nissan. Not only does Nissan support Central Mississippi, I know people who drive from as far away as Grenada and I’m sure there are people who drive from McComb and Brookhaven every day.
How is the efficiency and effectivenes, comparatively to other plants. It's not always just a "cost" issue... mostly it's a COST issue.
that reads like measured posturing, Nissan cannot survive financially and Honda knows that. Nissan is hemorrhaging and I do not think they can stop the bleeding.
Most Mississippians refuse to accept things like this, and it says a lot about what the state is in the shape it's in. That thought process permeates our universities too.
If this Canton plant remains open it will be thanks to the Trump effect. A large percentage of Nissans sales are in the US and they will want to avoid tariffs. Other plants are more likely to be closed
It use to be Renault Nissan and Mitsubishi. Renault has walked away. Apparently they are a much bigger company than I thought.