Nissan plans $2.8 billion in cutsChristian Fernsby ▼ | May 13, 2020
Nissan Motor plans to cut $2.8 billion in annual fixed costs as part of its restructuring plan, Bloomberg News reported Wednesday, as it braces for a drop in sales that could complicate its recovery from years of poor profitability.
The Japanese automaker plans to slash fixed costs in areas that include marketing and research, Bloomberg reported, citing unnamed sources. It added that the company’s board has not yet reviewed the plans. ■