Nissan restructuring into a smaller company selling 1 million fewer cars

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

Nissan Motor Co Ltd's management has become convinced the struggling automaker needs to be much smaller and a restructuring plan due out next month would likely assume a cut of 1 million cars to its annual sales target, senior company sources said. The pandemic has only piled on urgency and pressure to renewed efforts to downsize. No new sales target has been finalised and it remains unclear whether one will be formally disclosed.

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Nissan restructuring into a smaller company selling 1 million fewer cars originally appeared on Autoblog on Fri, 10 Apr 2020 11:27:00 EDT. Please see our terms for use of feeds.

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