- All three of Japan’s largest carmakers are struggling with tough market conditions in the world’s two largest economies. In the U.S., tariffs have roiled their global supply chains, and in China, they face competition from domestic car companies that sell next-generation electric vehicles at cutthroat prices.
Nissan announced it would continue its broad, companywide cost-cutting measures on Tuesday. The Japanese carmaker will eliminate 11,000 additional jobs, after it had previously announced it intended to cut 9,000 roles. That brings Nissan’s total layoffs to 20,000.
