Nissan is considering plans to shut two car assembly plants in Japan and overseas factories, including in Mexico, sources said on Saturday, as part of a cost-cutting plan the company flagged earlier this week.

Media reports have suggested Nissan Motor Co. plans to close manufacturing facilities in South Africa, India, and Argentina while consolidating operations in Mexico. The headlines were enough for the company to issue a statement in response,

Nissan is reportedly weighing the closure of multiple vehicle assembly plants in Japan and overseas, including facilities in Mexico, South Africa, India, and Argentina, as part of a sweeping cost-cutting