Nissan CEO Makoto Uchida faces mounting pressure to revive the automaker after missed hybrid opportunities and falling sales in key markets. Major cuts and restructuring plans are underway.
In October, Nissan CEO Makoto Uchida warned managers of worsening finances, citing weak sales in North America and China. Questions arose about missed opportunities, particularly the absence of hybrids in the U.S., a market now demanding them.
Uchida, under pressure to turn around the struggling automaker, has pledged drastic cuts to jobs, production capacity, and costs while halving his pay.
Nissan’s challenges stem from management missteps, including betting solely on EVs, neglecting hybrids, and production issues with the Ariya EV. Once a pioneer with the Leaf, Nissan now lags behind rivals like Tesla and BYD, facing declining sales and market share. Activist investors have taken stakes, adding to the pressure.
Uchida is restructuring, planning 34 hybrid and EV launches by 2030, and considering factory closures in China and Mexico.
Despite criticism of his strategy, Uchida remains committed to his role, aiming to stabilise Nissan amid industry disruptions.
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Major automakers showcased new electric vehicles at the New York Auto Show this week, under the slogan “electrification is the future." However, weakening demand in the United States and intense competition with China are raising questions for markets across the globe, including the South Caucasus.
Nissan Motor announced major cost-cutting measures, including the elimination of 11,000 additional jobs and reduced production, as the automaker faces declining profits and tough market conditions.
Nissan plans to invest an extra $1.4 billion in China by 2026 as it launches 10 new energy vehicles, aiming to recover from declining sales and catch up with faster-moving local competitors.
Nissan Motor Co. is reportedly considering a production shift that would see some U.S.-bound vehicles manufactured domestically in the United States as early as this summer, according to a Nikkei report on Saturday.
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
U.S. President Donald Trump on Tuesday issued a rare public rebuke of Israel's military tactics in Lebanon targeting Hezbollah militants, saying it was unnecessary to bomb entire apartment buildings to hunt militants.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.
Ukraine has said it struck an oil refinery in Russia’s Moscow region, marking one of the deepest reported attacks into Russian territory in recent months.
French department store BHV and online fast-fashion retailer Shein have ended their partnership, seven months after the launch of a permanent Shein shop in Paris triggered controversy and widespread criticism.
China’s retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, signaling further weakness in the world’s second-largest economy.
Macao opened the 17th International Infrastructure Investment and Construction Forum on Thursday, with officials and industry leaders highlighting the role of green and digital technologies in strengthening global infrastructure connectivity.
At the start of 2026, something unusual happened in China's car market. BYD, the company that had spent years at the top of the domestic sales charts, was knocked off its perch by a rival.
Apple has unveiled a long-awaited upgrade to Siri, aiming to close the gap with technology rivals and emerging artificial intelligence firms in an increasingly competitive market.
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