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Tag: Nissan

Nissan launches US buyouts, freezes global pay raises
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Nissan launches US buyouts, freezes global pay raises

Nissan Motor Co. has begun offering voluntary buyouts to U.S. employees and has suspended merit-based pay raises globally as part of a major cost-cutting campaign. The moves come as the Japanese automaker struggles with weak performance in key markets, including the United States, Reuters reported. In an internal message to staff, Nissan Americas Chairman Christian […]

Nissan names Ivan Espinosa CEO after weeks of uncertainty
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Nissan names Ivan Espinosa CEO after weeks of uncertainty

Nissan has appointed Ivan Espinosa as its new Chief Executive Officer, the company announced Tuesday, ending weeks of speculation over who would succeed Makoto Uchida. Espinosa, currently Nissan’s Chief Planning Officer, will assume leadership on April 1. The decision follows mounting pressure on Uchida to step down amid a worsening financial performance at Japan’s third-largest […]

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Nissan, Honda merger plan scrapped as negotiations collapse

Honda and Nissan have officially terminated their merger discussions, which aimed to create the world’s third-largest automaker with a combined valuation of approximately $60 billion. Despite this, both companies have agreed to a strategic partnership focused on intelligent and electrified vehicles, aiming to collaborate on future technologies. Honda and Nissan, along with junior partner Mitsubishi […]

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Business

Nissan cuts 9,000 jobs, slashes sales forecast

Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle “a severe situation”. The company reported a 93 percent plunge in net profit in the first half as CEO Makoto Uchida told reporters that weak sales in the North American market […]

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Business Uncategorized

Nissan raises EV sales target, catches up with Tesla 

Japanese auto manufacturer, Nissan, has on Monday, raised its electric vehicles sales target. According to Reuters, Nissan said it will enhance powertrain production in the United States, as it tries to catch up in the market dominated by new automakers like Tesla. The Chief Operating Officer of Nissan, Ashwani Gupta made this statement on Monday […]

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