Filed under: Earnings/Financials,Nissan
Japan's Nissan Motor Co has told its managers to slash non-essential spending as the automaker grapples with slumping car sales and tumbling profits, three company sources with knowledge of the matter told Reuters. Managers have been told to put the kibosh on unnecessary travel, sales incentives and promotional events to "conserve every yen," as one source put it. Meetings that three or four people would once have travelled to attend in person, might now only have one Nissan represent
Nissan orders drastic spending cuts to stem profit slide and 'conserve every yen,' say sources originally appeared on Autoblog on Fri, 27 Dec 2019 08:40:00 EST. Please see our terms for use of feeds.
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