Nissan CEO Espinosa - We Remain Firmly Committed To Financial Discipline

Feb 12 (Reuters) - Nissan Motor Co Ltd 7201.T:

• NISSAN CEO ESPINOSA: WE REMAIN FIRMLY COMMITTED TO FINANCIAL DISCIPLINE

• NISSAN CEO ESPINOSA: FIXED COST SAVINGS HAVE ALREADY REACHED 160 BILLION YEN AND REMAIN ON TRACK TO ACHIEVE 250 BILLION YEN BY END FY2026

• NISSAN CFO PAPIN: VAST MAJORITY OF COSTS OF 650 BILLION YEN FULL-YEAR NET LOSS ARE GOING TO BE ACCOUNTING CHARGES WITH NO CASH COMPONENT ATTACHED TO IT

• NISSAN CEO ESPINOSA: WE'RE A BIT AHEAD OF SCHEDULE IN TERMS OF OUR WORKFORCE REDUCTION, BUT WON'T SHARE DETAILED BREAKDOWN

• NISSAN CEO ESPINOSA: KEEP A VERY OPEN AND COLLABORATIVE SPIRIT IN DISCUSSIONS WITH HONDA, BOTH SIDES RECOGNIZE CHALLENGES INDUSTRY IS FACING

• NISSAN CEO ESPINOSA: WITH BOTH HONDA AND NISSAN BEING JAPANESE COMPANIES NEED TO FIND COMMON FOOTING ON WHICH WE CAN COLLABORATE

• NISSAN CEO ESPINOSA: LATEST DISCUSSIONS WITH HONDA ARE MOSTLY AROUND U.S. AND HOW WE CAN COOPERATE IN NORTH AMERICA

• NISSAN CEO ESPINOSA: NEED TO MONITOR D-RAM CHIPS CLOSELY BECAUSE SOME SHORTAGES SEEM TO BE STARTING TO APPEAR

• NISSAN CEO ESPINOSA: JAPAN IS THE MOST DIFFICULT MARKET FOR US AT THE MOMENT, PARTLY BECAUSE OF THE CORPORATE NEWS WE HAD LAST YEAR

• NISSAN CEO ESPINOSA: FROM JAPAN MOBILITY SHOW ONWARDS WE'RE STARTING TO SEE GRADUAL RECOVERY IN JAPAN, INCLUDING IN SHOWROOM TRAFFIC

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