πŸš— Nissan Loss 2025: $4.5 Billion Crash πŸ’₯ – Nissan Faces Worst Financial Year
πŸš— Nissan Loss 2025: $4.5 Billion Crash πŸ’₯ – Nissan Faces Worst Financial Year

    • Massive Loss: Japanese carmaker Nissan Motor reported a staggering Β₯670.9 billion ($4.5 billion) loss for the fiscal year ending March 2025, a sharp decline from the previous year’s profit of Β₯426.6 billion.

    • Job Cuts: The company plans to cut approximately 20,000 jobs, about 15% of its global workforce, to streamline operations.

    • Plant Closures: Nissan will shut down 7 of its 17 manufacturing plants, reducing the total to 10 worldwide.

    • Market Struggles: Declining vehicle sales, especially in key markets like China and the U.S., have significantly impacted revenues.

    • Strategic Shift: CEO Ivan Espinosa emphasizes a disciplined approach to align production with market demand and enhance partnerships.

πŸ‘‰ Why this matters: These drastic measures highlight the challenges traditional automakers face amid shifting market dynamics and the push towards electric vehicles.
πŸ”— Source: Times of India


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πŸ–‹οΈ Written and summarized by our editorial team using AI assistance and human review.
πŸ“š Sources: Market insights on the internet and other verified media platforms.
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