Nissan Motor shares slumped 6% in Tokyo trade Friday, a day after the Japanese automaker said it would cut 9,000 jobs and a fifth of its manufacturing capacity as it struggles with sales in China and the United States. On Thursday, Japan’s third-biggest ...

The Japanese carmaker is embarking on a turnaround plan that includes cutting global production capacity by a fifth.

Nissan did not specify if its job cuts will include any U.S. workers, while affected Stellantis employees all work in Ohio.

Nissan is in full-scale emergency mode to save itself: the automaker is cutting 9,000 jobs, slashing production capacity, and selling off its stake in Mitsubishi Motors.

Nissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned.

Nissan Motor Co.’s struggles to cope with tougher car industry conditions and address internal weaknesses have spiraled, leaving the automaker no choice but to slash payroll, production and its forecasts for this fiscal year.

Nissan Motor has announced a significant restructuring plan aimed at addressing severe financial and operational challenges.

Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle "a severe situation".

Nissan Motor shares slumped 6% in Tokyo trade on Friday, a day after the Japanese automaker said it would cut 9,000 jobs and 20% of its manufacturing capacity as it struggles with sales in China and the United States.