TOKYO -- "The reality is clear. We have a very high cost structure," Nissan's newly appointed president and CEO, Ivan Espinosa, said at a news conference in May.
Nissan Motor's Oppama Plant in Yokosuka, Japan, in January: Nissan is considering reducing two plants in Japan as part of its restructuring plans. (Photo by Sae Kamae)
Automobiles
Nissan's new CEO sees latest round of cuts as way out of crisis
Planned restructuring echoes successful 1999 shakeup, but climate now far tougher
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