<ul><li>Nissan is pausing the development of some new cars to focus on cost-cutting measures, including axing up to 20,000 jobs and shutting down seven factories.</li><li>Approximately 3,000 people from the R&D team have been reassigned to work on cost reduction initiatives during the pause in new car development.</li><li>Despite pausing development, Nissan aims to optimize the vehicle development process, reducing the time to bring new models to market and standardizing platforms to cut costs.</li><li>The company plans to launch new models like a global compact crossover, a similarly sized model under the Infiniti badge, and potentially a new Skyline model as part of its recovery plan titled 'Re:Nissan'.</li></ul>

Nissan Is Pausing Work on Some New Cars to Focus on Cost Cutting

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