<ul><li>Nissan's new CEO is focusing on putting the company into recovery mode by implementing drastic cost-cutting measures like slashing jobs, closing factories, and reducing parts complexity.</li><li>The company's struggles began a decade ago when it set an ambitious sales target that it failed to achieve, leading to heavy investments without adequate results under previous management.</li><li>The new CEO's 'Re:Nissan plan' aims to address the fundamental problems that have accumulated over the years, with a focus on cutting expenses and forming alliances with Renault, Mitsubishi, and Dongfeng.</li><li>While cost-cutting and alliances are part of the strategy to save Nissan, the company also plans to introduce over 10 new models in various regions, focusing on SUVs and electric vehicles to improve its balance sheet.</li></ul>

Nissan's New Boss Candidly Admits What Went Wrong

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