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Nissan announces new cost-savings measures, withholds FY2025 estimates

By Thomson Reuters May 13, 2025 | 3:18 AM

YOKOHAMA, Japan (Reuters) -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.

The company said it booked a 69.8 billion yen ($472.13 million) operating profit for the fiscal year just ended, in which Nissan struggled in the U.S. and China, replaced its CEO and saw merger talks with Honda collapse.

($1 = 147.8400 yen)

(Reporting by Daniel Leussink; Editing by Christian Schmollinger)