Nissan Motor Co. is seeking to raise more than ¥1 trillion ($7 billion) from debt and asset sales to address a huge loan repayment due next year, according to internal documents seen by Bloomberg News. The Japanese automaker plans to issue as much as ¥630 billion in convertible securities and bonds, the documents show.
Nissan CEO Ivan Espinosa said on Thursday he expects Japanese trade negotiators to move more quickly in the country's trade negotiations with the United States, adding he hoped to get clarity on trading rules for the Japanese automaker.
Nissan's new chief executive Ivan Espinosa faces an uphill task turning around the troubled Japanese automaker with no guarantee it can reverse sliding top-line sales, analysts said, even as he moves to slash costs.
Nissan Motor Co., Ltd. (OTCPK:NSANY) Q4 2024 Earnings Conference Call May 13, 2025 6:15 AM ET Company Participants Julian Krell - Vice President of Investor Relations Ivan Espinosa - President and Chief Executive Officer Jérémie Papin - Chief Financial Officer Stephen Ma - Executive Officer, Chairperson, Management Committee for China Conference Call Participants Arifumi Yoshida - Citigroup Inc. Kohei Takahashi - UBS Securities Kota Yuzawa - Goldman Sachs Yoshitaka Ishiyama - Mizuho Securities Co., Ltd.
Nissan said it would cut 20,000 jobs and close seven factories on Tuesday. The Japanese automaker is mired in a financial crisis and faces a major headache from Trump's tariffs.
The carmaker said it will slash 20,000 jobs—more than doubling its previously announced plan—as part of cost-cutting efforts to turn around weak sales.
Japanese automaker Nissan announced on Tuesday a slate of new cost-saving measures including 11,000 more job cuts and held off on releasing financial earnings estimates for the current year through March 2026.
Japan's Nissan Motor has decided to suspend operations at some domestic factories as part of a business restructuring effort, the Nikkei business daily reported on Tuesday.
Nissan Motor will end vehicle production at its Wuhan plant in China during the current business year which ends March 31, 2026, the Yomiuri newspaper reported citing sources it did not identify.
Nissan's troubling profit warning
Nissan Motor estimated billions of dollars in net loss for the fiscal year ended March due to impairments and restructuring expenses.
Nissan Motor will make an additional investment of more than 10 billion yuan ($1.37 billion) in China by the end of 2026, Stephen Ma, an executive overseeing China operations at the automaker said on Wednesday.