Japanese automaker Nissan announced on Thursday that it would cut 9,000 jobs as part of urgent measures to address “a severe situation,” alongside lowering its annual sales forecast. The company reported a steep 93 percent drop in net profit for the first half, with CEO Makoto Uchida attributing much of the decline to weak sales … Read more
Nissan is “in no way” planning to end its partnership with Renault, the Japanese auto giant insisted on Tuesday after a report suggested a divorce was possible in the wake of the Carlos Ghosn scandal. Britain’s Financial Times, citing “several people with knowledge of the matter”, said on Monday that senior executives at the scandal-hit … Read more
Nissan stocks plunged more than 3 per cent on the Tokyo exchange on Wednesday, as the senior executive in charge of plans to revive crisis-hit automaker quit just weeks after taking the job. Jun Seki, 58, number three at Nissan, had informed the company of his decision to leave and the company had accepted it, … Read more