Nissan in talks to sell Spain plant to China firm

Japan's Nissan Motor says it is in talks with China's Great Wall Motors to sell its factory in Spain as part of its structural reforms, and aims to reach a final agreement this month.

Nissan plans to close its Barcelona plant before the end of the year, but said it would negotiate a possible sale to the Chinese carmaker.

Nissan had initially planned to close the factory last year. But it put off the closure for a year after the plan met with strong opposition from the Spanish government and workers.

Nissan reversed ousted chairman Carlos Ghosn's expansion policy and is working to reduce its overall production capacity while focusing on markets in three countries -- Japan, China and the United States.

The sale of the Spanish factory will be a major step towards achieving this goal.