Japan's Nissan will cut production by another 1,400 vehicles at its Kyushu plant next week, as the fallout from chip supply disruptions linked to Chinese-owned Nexperia continues to affect its domestic operations, a person familiar with the matter said.
S&P Global Ratings said on Friday it has downgraded its rating of Nissan Motor's credit by one notch on continuing pressure on its profitability, while taking a negative view of the outlook for the Japanese automaker.
Nissan will eliminate 87 positions at its European regional office in France, a company document and internal emails showed, as part of CEO Ivan Espinosa's global restructuring and turnaround plan that includes a 15% cut in headcount.
Nissan Motor is considering a joint vehicle and powertrain development with Honda Motor in the United States, Nissan CEO Ivan Espinosa told the Nikkei business daily on Thursday.
Nissan Motor posted a 61% rise in second-quarter operating profit from a year earlier on Thursday as efforts to reduce fixed costs as part of its turnaround plan helped it avoid a loss.
Nissan Motor has concluded a 97 billion yen ($643 million) deal to sell and lease back its global headquarters in Yokohama, Japan, as part of its business restructuring plans, the automaker said on Thursday.
VODNJAN, Croatia--(BUSINESS WIRE)--Nissan has redefined customer engagement by partnering with global cloud communications platform Infobip to pioneer an agentic AI campaign.
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