<ul><li>Nissan reported a net loss of 670.9 billion yen (RM19.6 billion) for fiscal year 2024, with a significant fourth quarter loss.</li><li>Under new management, Nissan is implementing aggressive cost-cutting measures, targeting savings of 500 billion yen (RM14.6 billion) to return to profitability by fiscal year 2026.</li><li>Nissan plans to cut 20,000 jobs between FY24 to FY27 and close plants to achieve a fixed cost reduction of 250 billion yen (RM7.3 billion).</li><li>While implementing cost-cutting initiatives, Nissan is also developing a new Skyline and reducing vehicle development lead times to streamline operations.</li></ul>

Nissan to cut 20,000 jobs, close more plants as it posts RM19.6bil loss – new Skyline being developed

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