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International Business Times UK
International Business Times UK
Business
Teddy Cambosa

Nissan Cancels EV Factory After £3.9bn Blow And Offers Early Retirement To Staff

With Nissan recently recording a net loss of between £3.69 billion and £3.95 billion ($4.91 billion to $5.26 billion), the Japanese automaker has now decided to throw away £83 million ($1.1 billion) by scrapping brand-new electric vehicle (EV) battery plan which it had announced in January this year.

Abandonment and Retirement

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