Nissan CEO Uchida faces pressure to cut jobs and production, struggles to turn around company.

From Investing.com: 2024-12-04 20:20:29

Nissan CEO Makoto Uchida delivered a grim message to managers about the need to cut jobs and production due to poor sales and profitability in North America and China. Questions arose about the lack of hybrids in the U.S., a missed opportunity. Uchida promised to cut costs, employees, and production capacity.

Pressure mounts on Uchida to turn around Nissan as activist shareholders acquire stakes. Uncertainty looms with Trump’s threat of tariffs on Mexico, a key production hub for Nissan. Uchida’s focus on EVs faces challenges as competitors like Volkswagen and Stellantis struggle.

Nissan’s decline since Carlos Ghosn’s scandal has been marked by leadership turnover and missed opportunities. The company failed to adapt to the demand for hybrids in the U.S., losing market share. Uchida faces criticism for not foreseeing industry shifts and mismanaging strategy.

To recover, Nissan is cutting jobs globally and considering factory closures. The focus is on reducing costs and increasing competitiveness amid challenges in key markets like China and North America. Nissan’s long-term future and Uchida’s leadership are uncertain as pressure mounts to deliver results.

Activist investors are circling Nissan as Uchida faces scrutiny over the company’s missteps. Efforts to recover from Ghosn’s scandal and adapt to changing industry dynamics have been marred by poor decisions and missed opportunities. Uchida’s leadership and Nissan’s future hang in the balance.



Read more at Investing.com: Nissan boss Uchida races to save the automaker