Author: Akumesibia

A Legacy in Crisis Nissan Motor Company, a titan in the global automotive industry, is steering through turbulent waters. This month, the Japanese automaker announced sweeping measures to address its dire financial straits, including cutting 9,000 jobs and slashing production capacity by 20%. A staggering 85% plunge in operating profit during the third quarter has left the company grappling for stability. With Renault reducing its stake, Nissan now finds itself at a crossroads, seeking both a lifeline and a fresh strategic direction. A Grim Snapshot: The Numbers Tell the Story Nissan’s challenges are rooted in dismal financial performance. The 85%…

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