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What will be Nissan's main restructuring focus in 2025?
2
Resolution / Starting Odds
Electric vehicle development • 25%
Cost reduction and efficiency • 25%
Expanding market share in China • 25%
Other • 25%
Official Nissan strategy documents or credible news reports
Story
Nissan Motor Restructures Management Amid 93.5% Profit Drop to 19.2 Billion Yen and 9,000 Job Cuts
Dec 11, 2024, 08:25 AM
Nissan Motor is undergoing a significant management overhaul as part of its efforts to address declining profits and increasing debt. The Japanese automaker is replacing key executives, including its Chief Financial Officer, while the current president will remain in position. This restructuring comes in response to a 93.5% drop in net profit for the first half of fiscal year 2024, amounting to 19.2 billion yen compared to the same period last year. Additionally, Nissan plans to cut 9,000 jobs worldwide and reduce its production capacity by 20% by fiscal year 2026. The company is particularly focused on revitalizing its operations in North America and China, where sales have been notably weak.
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Autonomous Driving • 25%
Electric Vehicles • 25%
Market Expansion • 25%
Sustainability Initiatives • 25%
Cost reduction and resource pooling • 25%
Expansion in Asia • 25%
Other strategic focus • 25%
Electric vehicle development • 25%
Focus on EV development • 25%
Cost reduction and efficiency • 25%
Other strategy • 25%
Expansion in Asia • 25%
Electric vehicles • 25%
Combustion engines • 25%
Other • 25%
Software integration • 25%
Operational Efficiencies • 25%
Electric Vehicles • 25%
Autonomous Driving • 25%
Market Expansion • 25%
Global Expansion • 25%
Electric Vehicles • 25%
Cost Reduction • 25%
Autonomous Driving • 25%
Other • 25%
Enhanced R&D investment • 25%
Expansion in emerging markets • 25%
Increased focus on electric vehicles • 25%
No significant move • 25%
New EV model launch • 25%
New EV production facility • 25%
Major EV partnership • 25%
Cost-Cutting Measures • 25%
Other • 25%
Expansion into New Markets • 25%
Electric Vehicle Focus • 25%
Cost reduction • 25%
Competing with Tesla • 25%
Other strategic reasons • 25%
Competing with Chinese EV makers • 25%
Financial instability • 25%
Technological integration issues • 25%
Employee retention • 25%
Regulatory challenges • 25%
