Nissan Cuts Outlook, Announces Restructuring With 9,000 Job Cuts

By Yahoo! Finance | Nov 7, 2024 at 03:35 AM EST

Nissan Motor Co. has reduced its annual profit forecast, plans to cut 9,000 jobs, and decrease capacity by 20% due to declining sales. The company aims to recover from challenges posed by competitors like Tesla Inc. and Chinese electric vehicle brands.

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