Carlos Ghosn’s drastic cost cutting annoucement has killed the Nissan 200SX replacement project, AutoCar reports, and the Infiniti Saloon program based on the GT-R has been put on the back burner for the time being.

It had been common knowledge that Nissan was producing a compact, rear-wheel drive sportscar for a few years but Monday’s announcement that Nissan’s joining the long list of automakers facing financial difficulties has led to a change of plans. The company is instead looking to concentrate on smaller cars and has approached the American congress expressing interest in producing an electric vehicle to rival set to debut next year.