by Paula W. Buzard | May 30, 2020 | Car and Auto News
Nissan also announced a four-year recovery plan on Thursday. Japan’s No. 2 automaker pledged to slice 300 billion yen in from annual fixed costs and become a smaller, more efficient company after the pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years. By Reuters | Published: 10 minutes […]
by Paula W. Buzard | May 30, 2020 | Car and Auto News
As a part of its 4-year transformation plan, Nissan will be restructuring its global business by decreasing its product line-up to 55 cars. The company has officially teased twelve upcoming cars that are expected to be introduced in the next 18 months. View Photos...
by Paula W. Buzard | May 29, 2020 | Car and Auto News
The decision by Nissan to shut the 3,000-worker plant from December as part of global cost cuts is a blow for the euro zone’s fourth-largest economy at a time when unemployment is rising and a recession is looming due to the coronavirus crisis. By Reuters |...
by Paula W. Buzard | May 29, 2020 | Car and Auto News
The dispute arose after Nissan said Tamil Nadu hadn’t paid certain incentives under a 2008 agreement to set up a car plant in the southern state. Nissan initiated an international arbitration against India in 2016, claiming Rs. 2100 crore in unpaid dues and Rs....
by Paula W. Buzard | May 28, 2020 | Car and Auto News
Nissan Motor is targeting to achieve a 5 per cent operating profit margin and a sustainable global market share of 6 per cent by the end of FY2023. View Photos Nissan Motor is planning to launch 12 models in the next 18 months. Nissan Motor, Japan is gearing up for a...
