Nissan Motor Corporation Ltd. reports a net loss of £3.4 billion for the year ending March due to poor sales in the US and China, trade war effects, and failed merger talks with Honda.
The company plans to shut down seven factories, cut 20,000 jobs by 2027, and implement a recovery plan (RE:Nissan) to achieve profitability by FY2026.
Nissan to launch SUVs and MPV in India as part of its strategy to make India a major export hub under partnership with Renault.
New models set to arrive from the second half of 2025 include re-badged versions of Renault Duster midsize SUV, Renault Boreal three-row SUV, and Renault Triber subcompact MPV along with an A-segment electric car.