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Nissan CEO Prioritizes Company Recovery in Short-Term Plan

  • Nissan CEO Ivan Espinosa announced a short-term plan in June 2025 to restructure and fix the struggling automaker amid global challenges.
  • This action follows Nissan's declining sales, tough competition, missed merger opportunities, and transition challenges to electric vehicles.
  • Espinosa revealed plans to cut 11,000 jobs, close seven plants, and accelerate cost reduction through the Re:Nissan plan.
  • He stated that their immediate priority is to address internal issues and confirmed that the plan in place is sufficient and strong.
  • This restructuring aims to stabilize Nissan, enhance competitiveness, and prepare the company for ongoing industry uncertainty and growth in electric vehicles.
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NBC San Diego broke the news in San Diego, United States on Wednesday, June 4, 2025.
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