— After conducting a study of how it could cut costs and improve efficiency across its global operations, the Nissan Motor Co. is set to sell its North American headquarters outside Los Angeles and relocate to Franklin, Tenn., 15 miles southwest of Nashville, according to the New York Times.
Nissan will begin relocating employees in 2006 and plans to open the new headquarters in 2008. Last year, Nissan said it planed to move its global headquarters from downtown Tokyo to Yokohama, a nearby port city.The state of Tennessee is providing a tax-incentive package to Nissan, but state officials will not disclose how much the “jobs tax credits” would be worth. Nissan already employs about 8,000 workers in two plants in Tennessee. When Nissan closes its California headquarters, it will transfer all 1,300 jobs, including fleet operations.