| Subscribe To Our Free Newsletter |
Nissan shares slump after unveiling plan to cut jobs, production
Nissan Motor's shares plummeted by 10% after the company announced plans to slash 9,000 jobs and 20% of its global production capacity. This decision comes amidst declining sales in China and the United States. The automaker also reduced its annual outlook by 70% and withdrew its net profit forecast, citing restructuring efforts to combat the downturn.
