AUTOS
From Times Staff and Wire Reports
Nissan Lays Off 250 in Finance Unit: Nissan Motor Acceptance Corp. has laid off about 25% of its work force as part of an effort to streamline operations and improve efficiency. The layoffs include 70 workers at the company’s Torrance headquarters and 180 at its Irving, Tex., processing center. The firm, which has equity capital of $360 million, provides car loans and lease financing to Nissan and Infiniti customers and commercial loans to dealerships. A Nissan spokesman said the layoffs are part of worldwide efforts by the Japanese auto maker to cut costs.
