TOKYO: Nissan Motor Co is planning to cut about 300 billion yen (US$2.8bil) in annual fixed costs and book restructuring charges as the coronavirus pandemic further depresses the carmaker’s sales, a person with knowledge of the measures said.
Those initiatives are likely part of a three-year plan that would be unveiled along with financial results on May 28, calling for Nissan to take more drastic measures to turn the manufacturer around, said the person, asking not to be identified because the information isn’t public.