Nissan

Nissan to Cut Thousands of Jobs Amid Sales Decline in China and U.S

Nissan announced plans to lay off around 9,000 employees globally as it scales back production due to declining sales in key markets, including China and the United States. This restructuring move will result in a 20% reduction in global output, aimed at reducing costs and repositioning the company in an increasingly competitive market. The Japanese…

Nissan SUV

Family’s Nissan SUV Erupts in Flames and Explodes in Driveway

On the morning of May 14, Vicki Hill was abruptly awakened by a series of explosions outside her Bethesda, Maryland home. The source of the noise was the airbags deploying in the family’s 2015 Nissan Murano, which had caught fire while parked in the driveway. “I thought someone was trying to break into our house…

Carlos Ghosn
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Carlos Ghosn Sues Nissan For $1 Billion in Lebanon

Former Nissan chairman Carlos Ghosn has filed a lawsuit against the company for over $1 billion, as revealed in a copy of the lawsuit seen by Reuters and filed with Lebanon’s public prosecutor. The lawsuit, filed on May 18, accuses Nissan, two other companies, and 12 individuals of various crimes, including defamation, slander, libel, and…

Renault Nissan
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Renault Will Slash Stake in Nissan as They Overhaul Their Alliance

Carmakers Renault and Nissan have agreed to restructure their longstanding partnership, with the French company whittling down its stake in the Japanese firm to 15%. As reported on CNN, under the agreement, Renault will transfer 28.4% of its shares in the Yokohama-based company into a French trust. Voting rights for that stake will be “neutralized”…