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Nissan Lost $4.5 Billion Last Year. Here's How It Plans to Survive

  • Nissan reported a net loss of $4.5 billion for Fiscal Year 2024, with an 87.7 percent decrease in operating profit attributed to various factors.
  • Despite the losses, Nissan's sales were relatively stable globally, but the company is struggling with rising costs and mismatched revenue.
  • Nissan announced a recovery plan named RE: Nissan to improve profitability by cutting costs, reducing workforce by 20,000, and increasing manufacturing efficiency.
  • The company aims to achieve profitability by 2026 through cost-saving measures and leveraging partnerships in specific markets.

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