NISSAN is accelerating its restructuring process following the purchase earlier this year by Renault of a 37% stake in the company. The Japanese manufacturer says details of the three-year restructuring plan and how it will impact on the UK market will be announced In October.

Manufacturing plant closures, job losses, new component suppliers and joint purchasing with Renault are all possibilities from the restructure to cut costs. Details will be revealed by Carlos Ghosn, the Renault executive who has been brought in as Nissan's chief operating officer