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Nissan is rolling out big cuts. Turning around sales will prove harder

  • Nissan Motor Co. Announced a major restructuring on May 16, 2025, following a net loss of ¥670.8 billion for fiscal 2024 in Japan.
  • The restructuring responds to tariff measures, declining product development, and poor U.S. Hybrid sales amid a quarter-century manufacturing review.
  • Nissan plans to close seven of its 17 worldwide plants by fiscal 2027, cut 20,000 jobs, reduce production capacity by 500,000 units, and delay some new models.
  • CEO Ivan Espinosa stated the closures are part of the 'Re:Nissan' plan to recover performance, aiming to reduce annual capacity to 2.5 million units excluding China.
  • This large-scale move signals significant economic risks locally and questions Nissan’s ability to compete in the fast-shifting electric vehicle market alone.
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Bloomberg broke the news in United States on Thursday, May 15, 2025.
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