Nissan's new CEO sees latest round of cuts as way out of crisis
TOKYO -- "The reality is clear. We have a very high cost structure," Nissan's newly appointed president and CEO, Ivan Espinosa, said at a news conference in May.
Since the Mexican executive took office in April, he has pushed forward with reforms aimed at stabilizing the company after the collapse of the merger negotiations with Honda Motor and the substantial losses recorded last fiscal year.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Nikkei Asia
2 days ago
- Nikkei Asia
Nissan's new CEO sees latest round of cuts as way out of crisis
TOKYO -- "The reality is clear. We have a very high cost structure," Nissan's newly appointed president and CEO, Ivan Espinosa, said at a news conference in May. Since the Mexican executive took office in April, he has pushed forward with reforms aimed at stabilizing the company after the collapse of the merger negotiations with Honda Motor and the substantial losses recorded last fiscal year.
Nikkei Asia
2 days ago
- Nikkei Asia
Nissan's new CEO sees another round of cuts as way out of crisis
TOKYO -- "The reality is clear. We have a very high cost structure," Nissan's newly appointed president and CEO, Ivan Espinosa, said at a news conference in May. Since the Mexican executive took office in April, he has pushed forward with reforms aimed at stabilizing the company after the collapse of the merger negotiations with Honda Motor and the substantial losses recorded last fiscal year.
Nikkei Asia
2 days ago
- Nikkei Asia
Japan automotive chip group proposes international standard
TOKYO -- A group of Japanese auto and semiconductor industry companies has proposed a communication standard for automotive chips to an international body, seeking a leg up in technology that is vital for increasingly electrified cars. The group, Advanced SoC Research for Automotive, is made up of 14 companies, including Toyota Motor, Honda Motor, autoparts supplier Denso and chipmaker Renesas Electronics.
