Nissan posts $6.2 billion annual loss and unveils plan to cut costs

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

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Nissan posts $6.2 billion annual loss and unveils plan to cut costs originally appeared on Autoblog on Thu, 28 May 2020 08:36:00 EDT. Please see our terms for use of feeds.

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