nissan
Honda and Nissan officially begin merger talks to create world’s third-largest automaker
If the deal goes through, the merged group has the potential to deliver revenue of 30 trillion yen ($191.4 billion) and operating profit of more than 3 trillion yen, Honda CEO Toshihiro Mibe said. Discussions are set to conclude in June 2025. Nissan’s strategic partner, Mitsubishi, has been offered the chance to join the new …
CHINA! The ‘real reason’ for Nissan collapse revealed as car manufacturer’s finance chief steps down amid bankruptcy battle
heap Chinese electric vehicles are being blamed for the collapse of car manufacturer Nissan. The Japanese auto firm, which employs 7,000 people in the UK and 17,000 in the US, has embarked on a huge cost-cutting programme after suffering heavy losses. Nissan said last month it would axe 9,000 jobs and 20 per cent of …
Nissan cuts 9,000 jobs in response to diminishing sales
CEO gets a haircut. “Chief Executive Makoto Uchida said he was taking a 50% pay cut to take responsibility for the dismal results, while promising that a turnaround was coming. Nissan Motor Corp. announced a global workforce reduction of 9,000 people, or about 6% of its more than 133,000 employees, as well as a plan …