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.
The automaker’s operating profit for the fiscal year ending March 2025 plummeted by 88%, totaling ¥69.8 billion ($472 million), compared to the previous year. Nissan has struggled with declining sales in major markets like the United States and China.
Adding to its difficulties, the company recently replaced its CEO and continues to grapple with the impact of U.S. tariffs and rising competition from Chinese electric vehicle manufacturers, particularly in Southeast Asia.
Newly appointed CEO Ivan Espinosa is tasked with reviving Nissan’s declining brand value and steering the company toward recovery. The automaker aims to adapt its strategies to counter market challenges while positioning itself for sustainable growth in the evolving automotive landscape.
U.S. President Donald Trump said Israeli President Isaac Herzog is “disgraceful” for not granting a pardon to Prime Minister Benjamin Netanyahu, a...
Ukraine’s allies have pledged nearly $48bn in military support at a meeting of the Ukraine Defence Contact Group in Brussels, vowing to intensify pr...
The Trump administration on Thursday finalised rules revoking the Environmental Protection Agency’s authority to regulate greenhouse gas emissions, ...
The formation of a black hole can be quite a violent event, with a massive dying star blowing up and some of its remnants collapsing to form an except...
Medical group accuses paramilitary force of targeting civilians in al-Kurqal area, urges international action to protect residents....
U.S. President Donald Trump said Israeli President Isaac Herzog is “disgraceful” for not granting a pardon to Prime Minister Benjamin Netanyahu, adding that he “should be ashamed of himself”.
Ukraine’s allies have pledged nearly $48bn in military support at a meeting of the Ukraine Defence Contact Group in Brussels, vowing to intensify pressure on Russia and strengthen Kyiv’s battlefield position.
The Trump administration on Thursday finalised rules revoking the Environmental Protection Agency’s authority to regulate greenhouse gas emissions, a move that significantly reshapes long-standing U.S. climate policy.
The formation of a black hole can be quite a violent event, with a massive dying star blowing up and some of its remnants collapsing to form an exceptionally dense object with gravity so strong not even light can escape.
James Van Der Beek, who rose to fame as Dawson Leery in the hit teen drama Dawson’s Creek, has died aged 48 following a battle with stage 3 colorectal cancer.
Canadian Prime Minister Mark Carney said a bridge project linking Canada’s Ontario province with the U.S. state of Michigan would contribute to cooperation between the two countries.
U.S. President Donald Trump and Prime Minister of Israel Trump hosted Netanyahu for closed-door talks focused on negotiations with Tehran, Gaza and wider rBenjamin Netanyahu ended a two-and-a-half-hour meeting at The White House on Wednesday without reaching agreement on how to move forward on Iran.
Mexican Alpine skier Lasse Gaxiola will have his mother for company on his Olympic debut but she will not be cheering him from the finish area in Saturday's giant slalom in Bormio because she will be three hours away preparing her own race.
The suspect in a deadly school shooting in western Canada was an 18-year-old woman who allegedly killed her mother and stepbrother before attacking her former school. Investigators have not provided a motive for what is being described as one of the worst mass killings in Canada.
Russia’s car market is continuing to receive tens of thousands of foreign-brand vehicles via China despite sanctions imposed after Moscow’s full-scale invasion of Ukraine in 2022, a journalistic investigation has found.
Türkiye’s national energy company, TPAO, has struck a new cooperation deal with U.S. energy giant Chevron, signing a memorandum of understanding to explore joint oil and gas exploration and production opportunities, the Turkish Energy and Natural Resources Ministry announced on Thursday.
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
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