TOKYO -- While Nissan Motor President Ivan Espinosa earns praise for his rapid-fire efforts to turn around the embattled automaker, some have raised concerns over the potentially enormous cost associated with the reforms, with one estimate predicting extraordinary losses to reach 500 billion yen ($3.39 billion).
Automobiles
Nissan faces tough road to recovery as restructuring losses loom
Impairment losses, job reduction expenses could reach $3.4bn, according to estimate
Nissan is facing a difficult restructuring and has not detailed plans for later growth. (Photo by Shizuka Tanabe)
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