Nissan CEO Leaves Door Open to Possible Sale as Automaker Pushes Massive Restructuring and $4.2 Billion Loss Looms [Yahoo! Finance]
NISSAN MOTOR LTD S/ADR (NSANY)
US:NASDAQ Investor Relations:
nissan-global.com/en/ir
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Source: Yahoo! Finance
Nissan's new chief executive has acknowledged that the struggling automaker faces a difficult road ahead and did not rule out the possibility that the company could one day be sold. Ivan Espinosa, recently appointed as Nissan's CEO, is overseeing a sweeping restructuring plan while the company braces for billions in losses and a major overhaul of its operations. The leadership shift comes as Nissan attempts to stabilize its business after several challenging years marked by declining performance and rising industry competition. Espinosa stepped into the role after Nissan's board of directors voted to replace former CEO Makoto Uchida. The leadership change occurred as the automaker launched one of the most aggressive restructuring programs in its recent history. That plan includes shutting down seven factories, closing two design studios, and cutting approximately 20,000 jobs from its global workforce in an effort to control costs and rebuild the company's financial foundation. Th
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