Japan’s Nissan posted an annual net loss of $4.5 billion on Tuesday while saying it plans to cut 15 per cent of its global workforce and warning about the possible impact of US tariffs.
The heavily indebted carmaker, whose mooted merger with Honda collapsed this year, is slashing production as part of its expensive business turnaround plan.
CHIEF Executive Officer, Ivan Espinosa told news men that Nissan must prioritise self-improvement with greater urgency and speed.
Nissan reported a net loss of 671 billion yen ($4.5 billion) for the financial year to March 2025.
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