- Nissan is taking drastic action to save money as sales decline.
- It plans to cut 9,000 jobs, reduce its production capacity, and sell a portion of its stake in Mitsubishi.
- Nissan still plans to launch 30 new or updated models, but they might be delayed.
Nissan is cutting back as it struggles to profit amid falling demand. The automaker plans to cut 9,000 jobs, reduce its global production capacity by 20 percent, and sell a third of its stake in Mitsubishi to cut costs. The company believes it could save itself $3 billion as it reevaluates the roadmap it presented earlier this year.
