All three of Japan’s largest carmakers are struggling with tough market conditions in the world’s two largest economies. In the U.S., tariffs have roiled their global supply chains, and in China, they face competition from domestic car companies that sell next-generation electric vehicles at cutthroat prices.

Meanwhile, in China, Nissan plans to push forward with NEVs (new energy vehicles). Over in Europe, the brand will target B and C-segment SUVs, while in the Middle East, large SUVs are the priority, and yes, there’s even a chance they’ll import Chinese-made vehicles.

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.

Nissan reveals plans to eliminate 11,000 positions and close 7 factories worldwide as the struggling automaker confronts plummeting sales in China and US market

The beleaguered Japanese giant said on Tuesday it would cut 20,000 jobs and close seven factories by 2027 as it slips deeper into crisis.

The Japanese automaker confirmed it would cut 11,000 more jobs and slim down production.Nissan also saw its profit almost wiped out in the year that just ended.Operating profit hit $472 million in the 12 months to March - a decline of 88% from the previous year.

Nissan Motor (OTC:NSANY) announced on Tuesday that it will slash 11,000 additional jobs and significantly reduce production as part of a sweeping cost-cutting strategy aimed at reviving the struggling Japanese

Nissan Motor Co withheld its annual profit guidance and said it will shut production plants as the carmaker struggles with the combined headwinds of surging restructuring costs and the fallout of President Donald Trump’s trade war.