Nissan moves from California to Tennessee in United States
Nissan North America has moved their operations from California to Tennessee. This move alone can save around $500 million annually. They have also moved about 1,300 workers to the southern United States. This would help them cut costs and puts it closer to its manufacturing operations in Tennessee and Mississippi.
The Japanese automaker has had a presence in the United States from its California base since 1958. They have since then seen the company’s rise in the U.S. auto market, watched its tumble for a time and witnessed one of the most impressive comebacks in automotive history. Nissan President and CEO Carlos Ghosn said in a statement: “This is not a decision about the past. This is a decision about the future. California has been a wonderful place for Nissan. This is a decision about what’s going to happen 10 or 15 years down the road.”
He also added that their move was inspired by the fact that costs and efficiencies that can be gained by moving your headquarters to a lower-cost area of the country that is closer to the company’s primary operations. Nissan has more than 8,000 employees in Tennessee at production facilities in Smyrna and Decherd. There are 5,000 production and contract workers at the company’s plant in Canton that opened in 2003.