nissan

The Japanese giant will make cost savings of ¥500bn and reduce its workforce by 20,000, and its number of plants from 17 to 10 by FY 2027, after a net loss of ¥670.9bn in FY 2024.

Corporate reforms designed to extract shareholder value are at risk of being delayed but not derailed, even as trade tariffs prompt near-term obstacles, market experts told FA.

Nissan is expecting a net loss of ¥80bn for the current fiscal year as the Japanese giant moves ahead with ¥400bn of cost savings, including reducing global capacity by 20%, with progress already made in China.

The world’s biggest carmaker will jump-start mass sales of driverless vehicles within five years. China is a key destination along that road.

The Japanese carmaker will set up a global payments factory to reduce transaction processing costs and improve liquidity.