Nissan is facing a serious financial crisis, with losses of $4.5 billion over the past year. As part of a recovery plan called “Re:Nissan”, the automaker has decided to suspend the development of some new vehicles, especially those scheduled beyond the 2026 fiscal year.
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Volkswagen considers selling factory in Germany to Chinese amid financial crisis
Volkswagen is facing a serious crisis in Europe, which has pressured the automaker to reduce costs and restructure its operations.
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Volkswagen avoids factory closures in Germany with a deal cutting 35,000 jobs by 2030
Volkswagen has announced a deal with European unions to avoid factory closures in Germany and massive strikes.
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After exclusive bet on electric vehicles, Nissan faces financial crisis and uncertain future
Nissan is facing serious financial problems due to its decision to abandon hybrids and focus exclusively on electric vehicles.
Read MoreVolkswagen Announces Unprecedented Factory Closures in Germany as Part of Billion-Dollar Cost-Cutting
Volkswagen plans to close up to three factories in Germany for the first time in its history, as part of a restructuring aimed at cutting more than $4.3 billion in costs.
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