Nissan estimates first-quarter loss of $1.38bn

CEO Ivan Espinosa plans cuts, including closing plants, shedding jobs

20250624 Nissan

A man stands in front of Nissan Motor's global headquarters during its annual shareholder meeting in Yokohama, Japan, on June 24. © Reuters

TOKYO, June 24 (Reuters) - Nissan Motor shareholders vented their frustrations over the automaker's poor performance at its annual general meeting on Tuesday, with some demanding greater management accountability for the deepening crisis at Japan's third-largest car company.

The meeting was the first for new boss Ivan Espinosa since he replaced Makoto Uchida as CEO in April. It remains to be seen whether Espinosa, a company veteran, will be able to halt the sharp decline at Nissan.

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