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Nissan plans to shutter vehicle output at its main domestic plant and transfer operations to a factory in Kyushu as it seeks to reduce costs and production capacity.

Nissan plans to sell about $5 billion in debt to help fund CEO Ivan Espinosa’s turnaround of the ailing automaker, part of a broader financing initiative to keep operations on track.

Nissan is recalling more than 480,000 of its vehicles across the U.S. and Canada due to potential manufacturing defects that could cause engine failure.

The loan, which is being provided by Deutsche Bank and other senior Marelli lenders, will need to be approved in two stages, which is typical in large corporate bankruptcy cases.

Marelli Holdings, the struggling auto parts supplier for Nissan and Stellantis, plans to seek Chapter 11 bankruptcy protection in the U.S. to slash its debt burden and restructure.

A new Ford-SK factory in Kentucky, known as BlueOvalSK, has emerged as the frontrunner to build the batteries for Nissan, though a final decision hasn’t been made, one of the people said.

Japan’s biggest carmakers are looking at a hit of more than $19 billion from President Donald Trump’s tariffs that have left the global auto industry reeling.

Nissan Motor decided to stop selling a pair of Mexican-built Infiniti SUVs in the U.S. market, in response to President Donald Trump’s sweeping tariffs on car imports.

Nissan named company insider Ivan Espinosa to replace CEO Makoto Uchida and helm the battered Japanese carmaker as it looks to secure a financial backer and stabilize its business.

Momentum for driverless technology is building in Japan, which has not kept pace with the global shift to autonomous driving, so far led by China and the U.S.