<ul><li>Nissan reported a net loss of A$7.1 billion for the financial year ending in March 2025 and is implementing further cuts to address its financial challenges.</li><li>The company plans to reduce its factory count from 17 to 10 by March 2028 and decrease its workforce by 20,000 employees by the same time.</li><li>Nissan will focus on reducing R&D cost, shortening new model development time, reducing platforms and parts complexity, and reworking its supply chain.</li><li>The automaker has paused development on products scheduled after March 2027, initiated a cost-cutting transformation office, and aims to return to profitability by March 2027.</li></ul>

Nissan loses A$7.1 billion, will cut another 11,000 jobs, close seven factories

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