Tokai Tokyo Intelligence Laboratory analyst Seiji Sugiura placed much of the blame for Nissan’s US hybrid situation on management, which he said was mainly pinning hope on selling new EVs and traditionally powered models. “The company released its mid ...

Nissan, which has its U.S. headquarters in Franklin, announced the company will be cutting 9,000 jobs following a challenging year. Officials have not announced if the Smyrna plant will be affected.

The Japanese carmaker is embarking on a turnaround plan that includes cutting global production capacity by a fifth.

Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japanese automaker to slash 9,000 jobs.

Nissan President and CEO Makoto Uchida volunteered to immediately begin forfeiting half of his monthly compensation, and other executive committee members also volunteered to take pay cuts.

The Japanese automaker is making deep cuts to navigate a steep decline in global sales, with layoffs, reduced production, and a renewed focus on EVs and hybrids.