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The Latest Breaking News from Ivan Espinosa

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.

Fortune

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.

Motor1

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.

Euronews

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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

The Guardian - UK

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.

International Business Times

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…

InsideEVs

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…

Motor1

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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…

InsideEVs

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

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

The Guardian - UK

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.”

Motor1

Nissan revises down its earnings forecast with bigger losses

Nissan says it expects to rack up a loss totaling 700 billion yen ($4.9 billion) to 750 billion yen ($5.3 billion) for the fiscal year through March because of declining sales and the losing value of its assets

The Independent UK

'We're Not Quick Enough': What Nissan Learned From China

Nissan has a product problem. The company can make great cars when it wants to, but an institutional addiction to letting things wither on the vine has created a problem with staying competitive—and the perception of being cutting-edge.

InsideEVs

Nissan's new CEO says the Japanese automaker will move faster to achieve a turnaround

The chief-executive-to-be at money-losing Japanese automaker Nissan is determined to speed up the company's decision-making to come up with models that say Nissan _ and really sell

The Independent UK

Nissan Says 'We Never Stopped' Talking To Honda

Nissan and Honda's initial merger attempt may have collapsed, but that doesn't mean the two auto firms are walking away from the table. The shape and extent of future collaborations are still to be determined, but Nissan executives want to make one thing clear.

InsideEVs

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Motor1

Nissan’s New Boss Drives His Z to Work Every Day

Ivan Espinosa has been with Nissan since 2003, working his way up to Chief Planning Officer before being recently appointed CEO. His predecessor, Makoto Uchida, described him as a “real car guy,” which makes sense, given that the new head honcho drives a Z daily. He was actually involved in…

InsideEVs

Tesla Values Are Tanking Three Times Faster Than Any Other Brand

Elon Musk once argued in 2019 that Teslas were an "appreciating asset." Today, with the brand's stock and used car values in absolute freefall, some owners are offloading their cars as quickly as possible to get out before the brand hits rock bottom.

Fortune

Meet Ivan Espinosa, the ‘real car guy’ Nissan just tapped to be their new CEO

Ivan Espinosa has spent more than two decades working for Nissan, and is tasked with turning around the imperiled Japanese carmaker.

Motor1

Nissan's New CEO Is a 'Real Car Guy'

Nissan's recent struggles are no secret. The company teeters on the verge of bankruptcy after a failed merger attempt with fellow Japanese conglomerate Honda. Now, the company has appointed a new CEO in hopes of turning things around. And by all accounts, he's a real enthusiast—just like us.

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news in one place.

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InsideEVs

Elon Musk Finally Gets His White House EV Summit

The world's richest man is known for his long list of grievances. Regulations, "woke" culture, AI that isn't his own, people who don't advertise on his social media platform X and Marco Rubio are just some of the things he spends his days stewing about. But one thing really sticks in Elon…

InsideEVs

Can Nissan's New 'Real Car Guy' CEO Put It Back In The EV Race?

It's official: Nissan's CEO is on the way out. The brand has sealed the fate of its COVID-era chief and plans to replace him with someone who is focused on products, which, honestly, could be a great move if the new "car guy" appointee can pull off what seems like…

International Business Times

Struggling Japanese Automaker Nissan Replaces CEO

Struggling Japanese automaker Nissan announced on Tuesday that chief executive Makoto Uchida would step down, a move that follows the failure of merger talks with rival Honda.

The Independent UK

Japanese automaker Nissan's chief executive steps down after dismal results

Japanese automaker Nissan Motor Co. says its chief executive, Makoto Uchida, is stepping down

Motor1

Nissan Has a New CEO

The rumors were true–Nissan’s CEO Makoto Uchida is stepping down. Ivan Espinosa, currently the chief planning officer, will take the reigns of the troubled Japanese automaker. The change in leadership was decided today during a board of directors meeting and will come into effect on April 1. Additional management changes…

InsideEVs

Nissan Silvia: Everything We Know

Nissan is working on a new Silvia. The news came from Nissan’s Vice-President of Global Product Strategy, Ivan Espinosa. The new Silvia will likely be EV or PHEV.

Motor1

New Nissan Silvia: Everything We Know

It's been more than two decades since the last Silvia. But Nissan is working on a new one.

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