Nov 07, 2024
FILE - Logos at a Nissan showroom are seen in Ginza shopping district in Tokyo, on March 31, 2023. (AP Photo/Eugene Hoshiko, File)TOKYO (AP) — Nissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned. The Japanese automaker announced it is cutting 9,000 jobs globally, or about 6% of its more than 133,000 employees. Nissan is also slashing global production capacity by 20%. Chief Executive Makoto Uchida said Thursday he was taking a 50% pay cut to take responsibility for the dismal results, while promising that a turnaround was coming. Uchida declined to say which regions will be affected by the cuts, or give specifics. Uchida acknowledged Nissan didn’t respond quickly or flexibly enough to global changes, including market tastes and soaring raw material costs.
Respond, make new discussions, see other discussions and customize your news...

To add this website to your home screen:

1. Tap tutorialsPoint

2. Select 'Add to Home screen' or 'Install app'.

3. Follow the on-scrren instructions.

Feedback
FAQ
Privacy Policy
Terms of Service