On Tuesday, the Japanese automotive corporation Nissan announced that it plans to cut 20,000 jobs worldwide. This decision is a response to the company's significant net loss in the completed fiscal year 2024/2025.

Nissan Motor Co withheld its annual profit guidance and said it will shut production plants as the carmaker struggles with the combined headwinds of surging restructuring costs and the fallout of President Donald Trump’s trade war.

This is one of the biggest yearly losses in the company's history and a major drop compared to the previous year's net profit of 426.6 billion yen.

Struggling Japanese auto giant Nissan issued a stark profit warning on Thursday, forecasting a huge loss of up to $5.3 billion in the 2024-25 financial year. One of the top 10 automakers by unit ...

Nissan Motor (OTC:NSANY) announced on Tuesday that it will slash 11,000 additional jobs and significantly reduce production as part of a sweeping cost-cutting strategy aimed at reviving the struggling Japanese

Nissan unveiled sweeping new cost cuts on Tuesday, saying it would eliminate 11,000 more jobs and slim down production, capping a tumultuous year that has left the Japanese automaker fighting to turn itself around.

Its April to September profit totaled 19.2 billion yen ($124 million), declining sharply from the 296.2 billion yen earned over the six months last year. Nissan lowered its sales revenue forecast ...

Distress is spreading in Japan’s auto sector, putting into question Tokyo’s approach to trade negotiations with the United States.