Nissan makes £888m loss after asset devaluation
ReutersNissan's UK operations made a pre-tax loss of £888m last year after it wrote off the value of its equipment.
The Sunderland car maker deducted a £656m impairment charge from its accounts ending 31 March 2025 because its fixed assets - such as machinery - had become less valuable.
The company said key factors in the devaluation were "challenges" it faced in electrifying its car models as well as increased competition.
But Nissan said it had received a £900m boost to its finances from its parent company, had begun its global Re:Nissan recovery strategy and still planned to launch two new electric models.
"In 2025 Nissan launched two new electric vehicles in Europe, as well as introducing the third-generation e-POWER technology on the Nissan Qashqai," a spokesperson said.
"In the coming fiscal year Nissan will continue actions under the Re:Nissan plan, including the addition of a further two new EVs."
ReutersAlong with widening losses, sales at the car manufacturer also fell during the year with turnover dropping from £7.36bn to £6.63bn.
But the UK business received a capital injection of £900m from its parent, Nissan Holdings (UK) Limited, to "strengthen the company's balance sheet and return it to a positive net asset position".
The accounts state the cash injection was provided in response to the impairment charge and to support its ongoing operations.
In February 2025, Nissan cancelled a nightshift on one of its production lines, but said the closure did not lead to job losses.
Despite this, the average number of production staff at the company fell by 309 in 2025, from 3,758 to 3,449.
Nissan said its headcount fluctuates due to it being a large business and the reduction was down to "general business efficiency" rather than one specific change.
