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Nissan plans $2.8 billion in cuts, dumps Datsun brand as it restructures

AMB News Reporter

News Reporter
Filed under: Earnings/Financials,Plants/Manufacturing,Nissan

Nissan Motor Co plans to cut $2.8 billion in annual fixed costs as part of its restructuring plan, Bloomberg News reported on Wednesday, as it braces for a drop in sales that could complicate its recovery from years of poor profitability. Following a three-year spell of tumbling profits, Nissan will announce its restructuring plan on May 28, its latest attempt to slash costs after a strategy of aggressive selling to chase market share has pummelled its bottom line. The Japanese automa
Continue reading Nissan plans $2.8 billion in cuts, dumps Datsun brand as it restructures

Nissan plans $2.8 billion in cuts, dumps Datsun brand as it restructures
originally appeared on Autoblog on Wed, 13 May 2020 08:24:00 EDT. Please see our terms for use of feeds.

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