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The Latest Breaking News from Ivan Espinosa

As part of his plan to save Nissan, new CEO Ivan Espinosa is instigating $1.7 billion in cuts to variable costs. Espinosa has a guy to do that job, Tatsuzo Tomita, who Automotive News refers to as Nissan’s "cost czar," which is fun. For months, Tomita has been soliciting ideas…

Motor1

EVs Cost Way More To Insure Than Gas Cars. Here's How Much.

Today on Critical Materials: EV insurance is through the roof, the Nissan GT-R gas-only era is done for, and China uses Terawatts of electric for EVs per month.

InsideEVs

The Nissan GT-R's 'Godfather' Wants a Gas-Powered R36

Earlier this week, enthusiasts bid farewell to the mighty GT-R. After 18 years of production and about 48,000 cars built, the R35 is officially no more. Nissan’s CEO, Ivan Espinosa, promises that Godzilla will roar again someday, but one big question remains: will it still have a combustion engine? The…

Motor1

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This Is The Last Nissan GT-R. But a New One Is Coming, Eventually

The inevitable has happened. Nissan is bidding a fond sayonara to the beloved GT-R. After 18 years of production, the R35 has reached the end of the assembly line. Around 48,000 units have been built since the first rolled off the Tochigi plant line back in 2007. The final example…

Motor1

Nissan racks up red ink, but the Japanese automaker promises a return to profit later this year

Japanese automaker Nissan has reported a 115.8 billion yen, or $782 million, loss in April-June, but is promising to return to profitability later this year

The Independent UK

Nissan Takes 'Tough But Necessary Decision' to Close a Factory

The “Re:Nissan” recovery plan, outlined a few months ago, includes reducing the number of production sites from 17 to 10. One of the factories slated for closure has now been identified, with newly appointed CEO Ivan Espinosa calling it a “tough but necessary decision.” The Oppama Plant, located in the…

Motor1

Nissan to Suppliers: Will You Take an IOU?

Under new CEO Ivan Espinosa and after a failed merger attempt with Honda, Nissan is trying to turn things around. That means mass layoffs, pausing work on some new models, and now, asking suppliers if they'll take an IOU.

Motor1

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Nissan looks to axe hundreds of jobs at Sunderland plant

Nissan Motor Corp racked up a $4.5 billion loss for the fiscal year through March

The Independent UK

Nissan Sees Hope in £5.19 Billion UK Government Loan: What's the Plan To Curb Their Losses?

Nissan is negotiating a £1 billion syndicated loan backed by UK Export Finance to support its Sunderland plant.

International Business Times UK

Audi Went To China To Build Cars. China Rebuilt Audi Instead

Today on Critical Materials: Audi learns some lessons in China, Tesla loses its tech crown and Nissan looks to stop the bleed by offering buyouts to employees.

InsideEVs

Nissan: We Have 'People Working' On a New GT-R

Nissan is undertaking a massive cost-cutting agenda after losing billions in recent years due to sales falling short of investments. While the new product roadmap centers on the usual suspects, crossovers and SUVs, there’s still hope for fun cars. The Z is soldiering on and could one day be joined…

Motor1

Toyota Contacted Nissan After Honda Merger Failed: Report

On December 23, 2024, Nissan and Honda signed a memorandum of understanding (MOU) to explore a potential merger. However, the negotiations didn’t last long before the two Japanese automakers parted ways. On February 13, 2025, the companies officially ended talks, partly because Nissan was against becoming a Honda subsidiary. While…

Motor1

‘Arrogance': How U.S. Battery Inventions Supercharged China’s EVs

Believe it or not, the first rechargeable lithium-ion batteries were invented in the U.S. Even Early nickel-manganese-cobalt (NMC) cathodes were developed at Argonne National Laboratory. The lithium-iron-phosphate (LFP) battery, too, originated in the U.S., with foundational work led by battery pioneer John Goodenough at the University of Texas at Austin.

InsideEVs

Nissan's New Boss Candidly Admits What Went Wrong

The first order of business for Nissan’s new CEO is to put the struggling company into recovery mode. Drastic decisions were made from day one: slashing 20,000 jobs, closing seven factories, eliminating six platforms, reducing parts complexity by 70 percent, and halting the development of certain models. These are the…

Motor1

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The Guardian - UK

Nissan open to making cars for Chinese partner in Sunderland, says CEO

Ivan Espinosa says UK plant will not be hit by cost cuts as Japanese firm reveals seven factories to close

Fortune

Japanese carmakers slash profit outlooks as they face down U.S. tariffs and Chinese EVs

Toyota and Honda cut their annual forecast by double digits. Nissan declined to issue one for the time being.

Motor1

Nissan Lost $4.5 Billion Last Year. Here's How It Plans to Survive

Nissan just had its worst financial year in over two decades. The Japanese brand announced its final results for Fiscal Year 2024 (FY24), which ended on March 31. As expected, the numbers are down. Way down.

Euronews

Nissan to shed 20,000 jobs as Japanese automaker reports loss

Nissan is slashing about 15% of its global workforce, or about 20,000 employees, as the Japanese automaker reported a loss Tuesday for the fiscal year that just ended.

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The Guardian - UK

Nissan to shut seven factories, cutting 20,000 jobs worldwide

Carmaker slumps to £3.4bn loss after talks over Honda merger collapse and US and China sales fall

International Business Times

Nissan Posts $4.5 Billion Annual Net Loss, Says To Cut 20,000 Jobs

Japan's Nissan posted a huge annual net loss of $4.5 billion on Tuesday while confirming reports that it plans to cut 15 percent of its global workforce and warning about the possible impact of US tariffs.

InsideEVs

Nissan's Hard Times Ain't Over Yet

When I spoke to Nissan executives in Japan in March, one thing was clear: The hardest work was still ahead of them. Executives like Chief Performance Officer Guillaume Cartier and incoming CEO Ivan Espinosa told me that, while the beginning of the transition plan was in motion, there was more to…

Motor1

Nissan Could Cut Way More Jobs Than Previously Planned

It's no secret Nissan is struggling to survive. A new report about potential job cuts suggests the situation is even worse than previously thought. Late last year, the Japanese brand said it would slash 9,000 jobs globally over the next couple of years. Now, the final number could be more…

InsideEVs

Nissan's Turnaround Plan Almost Convinced Me. Then The Bomb Dropped.

I was wrapping up my visit to Nissan’s headquarters in Yokohama, Japan, waiting in the lobby of the hotel for my ride to the airport. I was feeling cautiously optimistic about Nissan’s turnaround plan after long conversations with the incoming CEO and other executives. The company is bringing hybrids and plug-ins…

The Guardian - UK

Nissan warns of £4bn loss as costs rise and Trump tariffs loom

Japanese carmaker blames worsening outlook on “competitive environment and deteriorating sales’

Motor1

Nissan Is Losing More Money Than Ever

Nissan announced on Thursday it will post a ¥700 billion to ¥750 billion ($4.9 to $5.3 billion at today’s exchange rate) net loss for its 2024 fiscal year, which ended March 31. The automaker blamed the massive loss—a record amount for the company—on “its ongoing turnaround plan, and other factors.”

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