Nissan CEO Espinosa - Full-Year Financial Results Are A Wake-Up Call
May 13 (Reuters) - Nissan Motor Co Ltd 7201.T:
NISSAN CFO PAPIN: FOR Q1 FY2025 WE EXPECT TO BOOK A 200 BILLION YEN OPERATING LOSS
NISSAN CFO PAPIN: FISCAL 2025 WILL BE YEAR OF TRANSITION FOR US, YEAR OF DECISIONS
NISSAN CEO ESPINOSA: FULL-YEAR FINANCIAL RESULTS ARE A WAKE-UP CALL
NISSAN CEO ESPINOSA: NISSAN MUST PRIORITISE SELF-IMPROVEMENT WITH GREATER URGENCY AND SPEED, AIMING FOR PROFITABILITY WITH LESS RELYING ON VOLUME
NISSAN CEO ESPINOSA: WILL REDUCE PRODUCTION CAPACITY TO 2.5 MILLION BY FY2027 WITH OPTION TO RAISE IT BY 500,000 IF NEEDED
NISSAN CEO ESPINOSA: OF 20,000 WORKFORCE CUTS BY FISCAL 2027, 65% WILL COME FROM MANUFACTURING, 18% FROM SG&A FUNCTIONS, AND 17% FROM RESEARCH AND DEVELOPMENT AND CONTRACTUAL STAFF
NISSAN CEO ESPINOSA: IN THE UNITED STATES, WE'LL FOCUS ON CROSSOVERS AND SUV'S, PLAN TO OFFER MORE HYBRIDS, REINVIGORATE INFINITI BRAND
NISSAN CEO ESPINOSA: WILL SEEK COLLABORATION IN THE UNITED STATES TO ADAPT TO EVOLVING MARKET CONDITIONS
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