Renault plans to eliminate about 14,600 jobs worldwide and lower production capacity by almost a fifth in a move to dramatically reduce costs and outlast the downturn that has rocked the global auto industry.

Nissan today (May 29) announced that it was resuming production at its second plant from June 1, while production at its first plant, which is also in Samut Prakan, will continue as normal.

Nissan reported a 671 billion yen ($6.2 billion) net loss for the latest fiscal year and unveiled a plan to turn the carmaker around by eliminating about 300 billion yen in annual fixed costs, cutting capacity and reducing the number of vehicle models.

Renault and Japanese partners Nissan and Mitsubishi unveiled a plan for deeper cooperation in developing and building vehicles as they seek to salvage their strained alliance and weather a collapse in car demand.

Car sales are inching forward.