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.
Foreign ministers of some Muslim countries will meet in Istanbul on Monday to discuss the Gaza ceasefire and next steps there, Turkish Foreign Ministe...
...
Turkish court sentenced 11 people to life in prison on Friday over a fire that killed 78 people at a ski resort in northwest Türkiye's Bolu mountains...
The Iranian Foreign Minister Abbas Araghchi has strongly condemned the order by U.S. President Donald Trump to resume nuclear weapons testing, while h...
Dutch centrist party D66 won the most votes in Wednesday's general election, news agency ANP said on Friday, putting its 38-year-old leader Rob Jetten...
Foreign ministers of some Muslim countries will meet in Istanbul on Monday to discuss the Gaza ceasefire and next steps there, Turkish Foreign Minister Hakan Fidan said on Friday, voicing concern over whether the ceasefire will continue.
Afghanistan and Pakistan have extended their ceasefire, following several days of negotiations in Istanbul from October 25 to 30, 2025, mediated by Türkiye and Qatar.
Turkish court sentenced 11 people to life in prison on Friday over a fire that killed 78 people at a ski resort in northwest Türkiye's Bolu mountains in January, state media reported.
The Iranian Foreign Minister Abbas Araghchi has strongly condemned the order by U.S. President Donald Trump to resume nuclear weapons testing, while having bombed Iran’s civilian nuclear sites in June and threatening further strikes.
Reliable sources have confirmed to AnewZ that the United States has asked Azerbaijan to join a Stabilisation Force in Gaza, as part of a proposed international mission to secure the territory.
Centrist liberal party D66, led by 38-year-old Rob Jetten, has made sweeping gains in the Dutch election, emerging neck and neck with Geert Wilders’ far-right Freedom Party (PVV) in early results — a stunning reversal just two years after D66 ranked sixth.
Tanzanian police fired tear gas and live rounds on Thursday to disperse protesters in Dar es Salaam and other cities, a day after a disputed election marked by violence and claims of political repression, witnesses said.
U.S. President Donald Trump agreed with President Xi Jinping to trim tariffs on China in exchange for Beijing cracking down on the illicit fentanyl trade, Trump said.
Ukrainian President Volodymyr Zelenskyy said on Wednesday that the most difficult situation on the front line remains the eastern city of Pokrovsk, where fighting continues to be most intense due to a strong concentration of Russian forces.
U.S. stocks were mixed late Wednesday as traders digested comments from Federal Reserve Chair Jerome Powell, who signaled that another interest rate cut in December is far from guaranteed. The Dow Jones Industrial Average and S&P 500 edged slightly lower, while the Nasdaq climbed on continued gains
U.S. chipmaker Nvidia has made history by becoming the first company in the world to reach a market value of 5 trillion dollars, driven by soaring demand for artificial intelligence technologies.
Nokia announced on Tuesday that chipmaker Nvidia will acquire a $1 billion stake in the company.
Türkiye’s main stock index, BIST 100, closed on Friday at 10,941.79 points, recording a 3.14% increase.
Türkiye has emerged as Europe’s largest steel producer and the world’s seventh largest in the first eight months of 2025, producing 36.9 million tonnes last year, according to sector officials.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment