Filed under:
Earnings/Financials,
Plants/Manufacturing,
Mitsubishi,
Nissan,
Renault
Nissan Motor Co outlined a new plan on Thursday to become a smaller, more cost-efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years. It will shut plants in Spain and Indonesia, leave the South Korean market and pull its Datsun brand from Russia as part of a strategy unveiled on Wednesday to share production globally with its partners Renault and Mitsubishi Motors . "I will make eve
Continue reading Nissan posts $6.2 billion annual loss and unveils plan to cut costs
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