Executives at nissan and Renault have said they plan to end products and businesses with little hope of making money, foreign media reported.That means nissan will close its plants in Spain and the Renault brand may withdraw from the Chinese market, according to people familiar with the matter.

    "I am sure that no car company today can make an accurate forecast of 2020," Makoto Uchida, nissan's chief executive, said in an interview after the alliance's sales fell sharply due to the new outbreak.In the 18 months since the arrest in Japan of Carlos Ghosn, the alliance's former leader, in November 2018, sales at Renault and nissan have fallen, profits have evaporated and the alliance's management has been in disarray.

Makoto uchida, CEO of nissan motor co

    Both nissan and Renault see no point in producing more cars, even in countries where factories are operating, because sales have been falling.Renault has closed all of its plants indefinitely except in China and South Korea, and nissan has closed all of its plants except in China and Japan. Executives at nissan and Renault said that even in a crisis, it was necessary to push ahead with longer-term plans to assure employees and investors that the alliance still had a future once the outbreak eased.

Carlos ghosn

    In February, Renault's interim chief executive, clotilde DE brougard, told the financial times that the carmaker's chief executive would not be able to meet the demand.Clotilde Delbos has said Renault will press ahead with a plan to cut structural costs by at least 2 billion euros ($2.2 billion) over three years.She added that nothing is "taboo" when reviewing a business.Renault has promised to review the assets of its Chinese joint venture and to discuss closing plants to control costs.

    Renault sold 179,571 cars in China in 2019, down 17.1 percent from 217,000 in 2018.Renault's other operating income and expenses were 557 million euros in 2019 (up from 625 million euros in 2018), with business restructuring charges accounting for nearly 240 million euros, mainly in China and Argentina, with a loss of about 300 million euros.

Renault may pull out of China

    Renault has established joint venture relations with dongfeng, brilliance, jiangling and other Chinese enterprises in China, and owns four joint ventures including dongfeng, brilliance, ejieit and jiangling Renault.

    Among them, dongfeng Renault mainly sells passenger car brand Renault.Renault returned to China in 2016.At the time, Mr Ghosn, the company's former chief executive, set a target of 800,000 units a year.However, in recent years, Renault's development in China has not been quite smooth.