Nissan

Nissan to shut more factories, double planned job cuts after $4.5B net loss

Nissan CEO Ivan Espinosa, seen here at the company’s financial results announcement May 13, 2025, in Yokohama, is ramping up the Japanese carmaker’s revival plan with more job cuts and factory closures after booking a big net loss.
Nissan CEO Ivan Espinosa, seen here at the company’s financial results announcement May 13, 2025, in Yokohama. “Are we confident that this is enough? The answer is yes, this will be enough to drive the results that we need, but we need to move fast,” he said. (HANS GREIMEL/AUTOMOTIVE NEWS)
HG
By:
Hans Greimel
Last Updated
May 13, 2025 11:21 AM

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