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.

On Tuesday, the Japanese automotive corporation Nissan announced that it plans to cut 20,000 jobs worldwide. This decision is a response to the company's significant net loss in the completed fiscal year 2024/2025.

Nissan posted an annual net loss of $6.4 billion CAD on Tuesday while saying it plans to cut 15 percent of its global workforce and warning about the possible impact of U.S. tariffs. The heavily indebted carmaker,

Its Largest Deficit Ever Nissan Motor Company announced that it would record a consolidated net loss of up to 750 billion JPY (approximately 4.8 billion USD) for the fiscal year ending March 2025. This marks a dramatic reversal from a net profit of 426.

Japanese carmaker Nissan has said it will cut another 11,000 jobs globally and shut seven factories as it shakes up the business in the face of weak sales. Falling sales in China and heavy discounting in the US, its two biggest markets, have taken a heavy toll on earnings, while a proposed merger with Honda and Mitsubishi collapsed in February.

The cuts will bring the total headcount loss to about 20,000 as the battered Japanese carmaker fights to keep afloat. The cuts come on the heels of a catastrophic year for the automaker, with its annual operating profit plunging 88 per cent to just $682 million.

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.

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.

Nissan is experiencing a perfect storm of issues causing the automaker to struggle with sales and operating profit. So how (if at all) does this affect Tennesseans? What we know.