TOKYO >> 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.

Nissan is preparing plans to shut two car assembly plants in Japan and considering closing two factories in Mexico, as the automaker restructures, the Yomiuri newspaper reported on Saturday. Nissan said in a statement on its website that recent reports on the potential closure of certain plants were speculative and not based on any official information of the company.

Nissan Motor Co. plans to close two factories in Japan, as well as locations in four other countries as part of its restructuring and cost-cutting process, the Yomiuri newspaper and other news outlets reported,