Nissan said net profit slumped nearly 95 percent in the April-June quarter due to falling sales and growing costs.
Japanese car giant Nissan plans to cut more than 10,000 jobs around the world as part of efforts to turn itself around, Japanese media said Wednesday, citing company sources.
French carmaker Renault has warned its alliance partner Nissan that it will block the Japanese auto firm’s plan to overhaul its governance structure, Nissan confirmed on Monday, a move it called “regrettable.”
Renault officials on Wednesday sought to reassure the firm’s alliance partner Nissan over a possible tie-up between the French automaker and Fiat Chrysler, which could up-end the auto industry.
French automaker Renault said on Monday that it would study “with interest” a 50-50 merger proposal from Fiat Chrysler, a deal that could reshape the industry as Renault reviews its options following the arrest in Japan of its chief executive.