Ivan Espinosa is mapping a daring route. Nissan Motor’s new CEO, who replaced Makoto Uchida last month, is doubling his predecessor’s planned job cuts and plant closures. Hitting his sales target will be tough in the face of tariffs,

Nissan announces its financial results for FY2024, revealing challenges in sales and profitability amid competitive pressures.

Nissan posted an annual net loss of $6.4 billion CAD on Tuesday while saying it plans to cut 15 percent of its global workforce and warning about the possible impact of U.S. tariffs. The heavily indebted carmaker,

Nissan Motor (OTC:NSANY) announced on Tuesday that it will slash 11,000 additional jobs and significantly reduce production as part of a sweeping cost-cutting strategy aimed at reviving the struggling Japanese

With record losses in sight, Nissan plans to cut up to 20,000 employees globally and close down several factories.Key Points:Nissan announced in November plans to cut 9,000 jobs in the wake of declining sales.

The Japanese automaker confirmed it would cut 11,000 more jobs and slim down production.Nissan also saw its profit almost wiped out in the year that just ended.Operating profit hit $472 million in the 12 months to March - a decline of 88% from the previous year.