Nissan plans to close two factories in Japan and several abroad, including in Mexico, reports CNBC. This move is part of a cost-cutting strategy the company has announced. The Japanese automotive giant also intends to cut 20,

Nissan is considering plans to shut two car assembly plants in Japan and overseas factories, including in Mexico, sources said on Saturday, as part of a cost-cutting plan the company flagged earlier this week.

Nissan Motor Co. plans to close two factories in Japan, as well as locations in four other countries as part of its restructuring and cost-cutting process, the Yomiuri newspaper and other news outlets reported,