- Nissan is selling its South African factory to Chinese automaker Chery as part of a restructuring plan.
- The company is consolidating its global vehicle production from 17 to 10 plants by 2027, closing facilities in multiple countries.
- Nissan's sales and projected net revenue have decreased due to market challenges and the company is focusing on cost-cutting and brand improvement.

A: Hey! Did you hear about Nissan?

B: No, what's up with them?

A: They’re selling their factory in South Africa! To a Chinese company.

B: Wow, really? Is that a big deal?

A: Yeah, it’s the last one they’re closing as part of a big plan to change their business.

B: So, they're getting rid of factories? I heard something about that.

A: Exactly! They said they’ll stop making cars there around May.

B: That's a lot of changes. I remember they talked about cutting plants a while ago, right?

A: Right! They said they'd close a bunch – in Mexico, Argentina, and India too. Also, two factories near Tokyo!

B: Tokyo? That’s closer to home. What about sales? Are they doing okay?

A: Not so much. Sales are down. They're struggling in China, Japan, and Europe.

B: Oh no! So they're trying to fix things, huh?

A: Yep! They're trying to sell more cars and make their brand look better again. Hopefully, it works out!