Japanese automotive giant Nissan is struggling to survive amidst severe economic turmoil. The company's CEO, Ivan Espinosa, shared his noteworthy views on the possibility of the brand being sold. Comprehensive steps to reduce costs The plan includes closing seven factories and two design studios; these measures will result in the dismissal of approximately 20 employees. Furthermore, the 2026 fiscal year, which ends next March, is expected to result in a net loss: approximately... 4,2 billion dollars Damage is anticipated.
Why did partnership talks with Honda end? This question constitutes a significant issue within the framework of crisis exit plans. Cooperation talks conducted under Honda's control stalled and were cancelled last year. This is believed to be due to Honda's insistence on taking control of management rather than pursuing an equal merger.
Renault's share price decreases and its new roadmap. Renault, despite being Nissan's main strategic partner for a long time, is gradually reducing its stake. The French manufacturer is currently focused on its next-generation electric vehicle development agreement with Ford. Speaking to the Financial Times, Espinosa stated that the possibility of a sale one day cannot be entirely ruled out. "In this crazy world, anything can happen." The company responded by saying it aims to reduce the development time for new models to 37 months in order to increase its competitiveness.
