Nissan seeks new investor amid 9 billion yen loss, job cuts, and plans to cut production.

Nissan is urgently seeking a long-term investor to replace Renault's shares, facing a critical year with a 9 billion yen loss and 9,000 job cuts. The company is also finalizing an electric vehicle partnership with Honda, which may involve Honda buying some of Nissan's shares. Nissan aims to reduce global production by 20% and delay new model launches to survive the financial crisis.

November 26, 2024
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