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Amid financial constraints, Nissan Motor is reportedly seeking the cooperation of some suppliers to defer payments in an effort to alleviate cash flow pressures. The newly appointed CEO, Espinosa, has unveiled plans to reduce the workforce by 15% and shutter seven factories over the next two years, aiming to achieve a cost reduction of $3.4 billion. For the previous fiscal year, Nissan incurred a net loss of $4.5 billion and has yet to release a financial forecast for the current fiscal year. Prior to this, Nissan had implemented similar measures, emphasizing that these actions were designed to bolster free cash flow. Additionally, Nissan anticipates an operating loss of approximately JPY 200 billion (roughly RMB 9.9 billion) in the second quarter of 2025.
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