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Nissan reports a net loss, plans major cuts including closing plants and laying off 20,000 workers.
Nissan reported a net loss for the quarter, citing US tariffs and restructuring costs.
The company plans to cut costs by reducing global production capacity from 3.5 million to 2.5 million units, consolidating production sites from 17 to 10, and laying off 20,000 workers over four years.
Nissan's CEO, Ivan Espinosa, aims to return the company to profitability and has announced the closure of several plants, including its historic Cuernavaca factory in Mexico.
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Nissan informa una pérdida neta, planea grandes recortes que incluyen el cierre de plantas y el despido de 20.000 trabajadores.