Japanese automaker joins other automakers in pointing to new U.S. tariffs as weighing on their financial results.

Nissan is experiencing a perfect storm of issues causing the automaker to struggle with sales and operating profit. So how (if at all) does this affect Tennesseans? What we know.

Ivan Espinosa is mapping a daring route. Nissan Motor’s new CEO, who replaced Makoto Uchida last month, is doubling his predecessor’s planned job cuts and plant closures. Hitting his sales target will be tough in the face of tariffs,

Nissan’s recovery plan also aims to cut operating costs by $3.4 billion by aligning production with global demand and strengthening strategic alliances, such as its partnerships with Renault in Europe and Dongfeng in China.

After announcing massive layoffs and factory closures, Nissan said its Tennessee and Mississippi factories remain important to the company.

Nissan Motor Co. vowed to close seven factories and slash 20,000 jobs after posting its biggest annual loss since French carmaker Renault SA rescued it from near bankruptcy a quarter century ago.

In a recent interview with French business news channel BFM Business, former Nissan CEO and international fugitive Carlos Ghosn described his former employer as a company in “dire straits.” He further stated that he “predicted Nissan ’s decline” and the “demise” of the alliance between it and French automaker Renault.

The beleaguered Japanese giant said on Tuesday it would cut 20,000 jobs and close seven factories by 2027 as it slips deeper into crisis.