Production capacity at Japanese carmaker will be reduced by 20% and sales budgets cut
Nissan has announced it will cut 9,000 jobs from its global workforce as part of “urgent measures” to stem losses.
The company said it was facing a severe situation as it battled with higher costs for sales and in its factories, as well as having too many cars with dealers in the US in particular, which can force the company to give steep discounts. He told a press conference on Thursday that the company had failed to foresee an increased demand for hybrid cars in the US in particular. Hybrids, sometimes referred to as hybrid electric vehicles , combine an internal combustion engine with a small battery, giving a limited reduction in carbon pollution relative to traditional cars.
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