Nissan plans to slash 10,000 more jobs as it struggles with China EV competition and Trump’s trade war

Quick Summary:

The company -- one of the top 10 automakers by unit sales -- is heavily indebted and engaged in an expensive business restructuring plan.

Of all Japan's major automakers, Nissan is likely to be the most severely impacted, Bloomberg Intelligence analyst Tatsuo Yoshida told AFP.

Like many peers, Nissan is finding it difficult to compete against home-grown electric vehicle brands in China, while its profits are now under further threat from US trade tariffs.

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Article Details

Author / Journalist: Hiroshi Hiyama, Tomohiro Osaki, AFP

Category: EconomyBusiness

Markets: United StatesChinaJapan

Topics: Layoffs Tariffs Electric vehicles Tariffs and trade Nissan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 12:11:14 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 544 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 136 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28609625

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