💨 Abstract

Nissan announced a $2.6 billion cost-cutting plan, including 9,000 job cuts and a 20% reduction in global production capacity. The Japanese automaker is struggling with falling sales in China and the US, and cut its annual operating profit forecast by 70%. It aims to reduce production capacity, shorten vehicle development lead time, and deepen collaboration with partners like Renault and Mitsubishi.

Courtesy: theprint.in