While the entire automotive industry has faced its fair share of challenges over the past year or so, some are suffering more than others. Near the top of that list is Nissan, which is coming off some disappointing Q4 2024 financial results that prompted the automaker to announce that it plans to reduce its costs by $2.6 billion, cut its global work force by 9,000 people, and trim production by 20 percent. Since then, Nissan has begun engaging in merger talks with rival Honda, and now, the company has reportedly canceled a subcompact EV crossover destined for the U.S. market.
According to Automotive News, Nissan has ditched its plan to bring a subcompact all-electric crossover to the U.S. – a project that’s code-named PZ1L – and it won’t be building that model at the automaker’s plant in Canton, Mississippi, as originally planned. The model will still be produced at Nissan’s plant in Sunderland, England and sold in other markets, but it now has other plans for Canton that it believes will better meet its needs in the American car market. “We will continue to evaluate market opportunities for new models and make adjustments accordingly,” Nissan spokesperson Brian Brockman said.
PZ1L is reportedly an EV crossover that’s sized somewhere in between the Leaf and Rogue, and was previously one of five future all-electric models set to be built in Canton wearing either the Nissan or Infiniti badge in the coming years. However, last summer, Nissan announced that it was putting those plans – along with a $500 investment in the facility – on hold, a move that comes amid a general slowdown in demand for EVs and an uncertain political climate pertaining to those models.
Nissan isn’t alone in adjusting its EV plans as a result of these developments, of course. Ford recently canceled plans to build a pair of new three-row all-electric crossovers in Canada for the North American market, pushed the launch of the next-generation Ford F-150 EV back to 2027, and will now debut an all-electric mid-size pickup riding on a new low-cost platform before a crossover utilizing the same architecture.
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More CUV clones. It doesn’t stop. This industry is boring AF.
Trump builds a wall around the USA to keep the cheap EVs out. Jim Farley, the market is yours if you want it. Henry would be all over that.