Nissan Motor Co. Monday said it has swung to a fiscal third quarter loss on a "severe downturn in the global economy" and the impact of a strengthened yen, adding the deterioration in business conditions forced the Japanese auto major to slash its full-year profit and revenue forecasts.
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BING NEWS:
- Nissan's CEO Is So Desperate To Save The Company That He's Taking Half Wages
With profits disappearing, Nissan is embarking on a plan to transform the company by slashing costs and making cars people want to buy.
11/8/2024 - 4:53 am | View Link - Nissan shares slump after it announces 9,000 job cuts and a plan to slash production
Nissan Motor shares slumped 6% in Tokyo trade Friday, a day after the Japanese automaker said it would cut 9,000 jobs and a fifth of its manufacturing capacity as it struggles with sales in China ...
11/8/2024 - 3:32 am | View Link - Nissan shares slump after it announces 9,000 job cuts and a plan to slash production
Nissan Motor shares slumped 6% in Tokyo trade Friday, a day after the Japanese automaker said it would cut 9,000 jobs and a fifth of its manufacturing capacity as it struggles with sales in China and ...
11/8/2024 - 3:32 am | View Link - Nissan and Jeep maker announce job cuts; SBA says it boosted lending by 7%
Nissan Motor Corp.'s global workforce reduction was equal to about 6 percent of its payroll of 133,000 employees. The company also plans to slash global production capacity by 20%. Uchida declined to ...
11/7/2024 - 9:30 am | View Link - Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell
Nissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned.
11/6/2024 - 9:16 pm | View Link - More
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