The report shows the company's profits had been dropping long before Trump won his second term. Global sales fell 3.8% for the first half of the financial year, Reuters reported. Nissan CEO Makoto Uchida said that the company misread the U.S. demand for hybrid vehicles, Reuters reported. "We didn't foresee HEVs ramping up this rapidly," he said.

Nissan Motor's announcement that it will cut 9,000 jobs is unrelated to the incoming Trump administration's tariff proposals on vehicles manufactured outside the United States, contrary to suggestions made on social media.

US President-elect Donald Trump promised on the 2024 campaign trail to slap tariffs on all imports, sparking competing claims about their potential impact on American jobs and prices. But online posts saying that Nissan slashed 9,

Slumping sales and profitability have forced Nissan to make sweeping cuts to its global workforce and production capacity. (NISSAN) Author