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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Nissan Motor’s Restructuring: Provide New Strategy for Turnaround
Nissan Motor Co. intends to go through its first major restructuring in a quarter of a century. As the automobile industry has a broad manufacturing base, the impact on the Japanese economy will be significant. The company should draw up a strategy for a turnaround at an early stage.
·Japan
Read Full ArticleNissan is rolling out big cuts. Turning around sales will prove harder
Nissan's new chief executive Ivan Espinosa faces an uphill task turning around the troubled Japanese automaker with no guarantee it can reverse sliding top-line sales, analysts said, even as he moves to slash costs.
·United Kingdom
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- 43% of the sources are Center, 43% of the sources lean Right
43% Right
14%
C 43%
R 43%
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