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    Champions League final: PSG rout Inter Milan in record win for 1st title

    The Soccer Tournament Live on ESPN+, ESPNU, and ESPN Deportes June 4 – 9

    The Soccer Tournament Live on ESPN+, ESPNU, and ESPN Deportes June 4 – 9

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    TV channel, time for NCAA Regional

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    Ryan values ​​leadership trio and quotes dream come true

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    Sajjala Says Democracy Under Threat

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    WhatsApp will not work on these iPhones and Android smartphones after May 31, check if yours is in the list

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    Luis Enrique and his daughter Xana, the star that guides him

    DC region sees passing showers and scattered thunderstorms Saturday as power outages linger

    DC region sees passing showers and scattered thunderstorms Saturday as power outages linger

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    India’s Workforce Set to Grow 2.8% Driven by Flexi-Staffing and EVs: TeamLease Report, ET Auto

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    Volkswagen Plans Major US Investments Amid Constructive Tariff Talks, ET Auto

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    When Sobhita Dhulipala spoke about being financially and emotionally independent: ‘My disciplined roots keep me grounded…’ |

    Why age gap romance still rules Indian cinema: Govind Namdev, Shenaz Treasury, Vivek Agnihotri, Anant Mahadevan, Rahul Bhat and others discuss the truth behind timeless men and invisible women – Exclusive | Hindi Movie News

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    John Heitinga leaves Liverpool to take Ajax manager role

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    Champions League final: PSG rout Inter Milan in record win for 1st title

    The Soccer Tournament Live on ESPN+, ESPNU, and ESPN Deportes June 4 – 9

    The Soccer Tournament Live on ESPN+, ESPNU, and ESPN Deportes June 4 – 9

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    TV channel, time for NCAA Regional

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    Access Denied

    Access Denied

    Sajjala Says Democracy Under Threat

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    WhatsApp will not work on these iPhones and Android smartphones after May 31, check if yours is in the list

    WhatsApp will not work on these iPhones and Android smartphones after May 31, check if yours is in the list

    Luis Enrique and his daughter Xana, the star that guides him

    Luis Enrique and his daughter Xana, the star that guides him

    DC region sees passing showers and scattered thunderstorms Saturday as power outages linger

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  • CAR & BIKES
    A China move could leave Indian car production dead in its tracks, ET Auto

    A China move could leave Indian car production dead in its tracks, ET Auto

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    India’s Workforce Set to Grow 2.8% Driven by Flexi-Staffing and EVs: TeamLease Report, ET Auto

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    Hero Destini 125 fuel economy tested, explained

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    Tata Altroz: best compact diesel car under Rs 12 lakh?

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    Volkswagen Plans Major US Investments Amid Constructive Tariff Talks, ET Auto

    Volkswagen Plans Major US Investments Amid Constructive Tariff Talks, ET Auto

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    Start Your WordPress Site and Slash Hosting Costs by ,020: Here’s How!

    Start Your WordPress Site and Slash Hosting Costs by $1,020: Here’s How!

    ‘Black Panther’ and Its Team Deserved Better Than This

    ‘Black Panther’ and Its Team Deserved Better Than This

    What the Hell Just Happened on ‘Doctor Who’?

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    How to Watch the F1 Spanish Grand Prix 2025 on a Free Channel

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    A Brief History of Our Obsession With Prime Numbers—and Where the Hunt Goes Next

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  • BOLLYWOOD
    When Sobhita Dhulipala spoke about being financially and emotionally independent: ‘My disciplined roots keep me grounded…’ |

    When Sobhita Dhulipala spoke about being financially and emotionally independent: ‘My disciplined roots keep me grounded…’ |

    Why age gap romance still rules Indian cinema: Govind Namdev, Shenaz Treasury, Vivek Agnihotri, Anant Mahadevan, Rahul Bhat and others discuss the truth behind timeless men and invisible women – Exclusive | Hindi Movie News

    Why age gap romance still rules Indian cinema: Govind Namdev, Shenaz Treasury, Vivek Agnihotri, Anant Mahadevan, Rahul Bhat and others discuss the truth behind timeless men and invisible women – Exclusive | Hindi Movie News

    Sonali Bendre feels she didn’t get enough credit in Shah Rukh Khan starrer Duplicate: ‘I think it became more of a secondary character…’ |

    Sonali Bendre feels she didn’t get enough credit in Shah Rukh Khan starrer Duplicate: ‘I think it became more of a secondary character…’ |

    Samay Raina says ‘parents have failed’ if young children are watching his content: ‘Do you think a person like me has a responsibility to…’ |

    Samay Raina says ‘parents have failed’ if young children are watching his content: ‘Do you think a person like me has a responsibility to…’ |

    All of Hollywood’s releases set for this June

    All of Hollywood’s releases set for this June

    Manushi Chhillar calls out misogyny in film industry: ‘Women discussed with such disrespect’ |

    Manushi Chhillar calls out misogyny in film industry: ‘Women discussed with such disrespect’ |

    Sooraj Pancholi says that ‘everyone in the industry is a coward now’, reveals friendships in the generation of his father, Suniel Shetty, Jackie Shroff, Sanjay Dutt were different | Hindi Movie News

    Sooraj Pancholi says that ‘everyone in the industry is a coward now’, reveals friendships in the generation of his father, Suniel Shetty, Jackie Shroff, Sanjay Dutt were different | Hindi Movie News

    ‘Housefull 5’ director Tarun Mansukhani reveals they had to stop shooting due to safety concerns: | Hindi Movie News

    ‘Housefull 5’ director Tarun Mansukhani reveals they had to stop shooting due to safety concerns: | Hindi Movie News

    Lara Dutta mourns the loss of her father Wing Commander L.K. Dutta, days after marking 25 Years of Miss Universe win | Hindi Movie News

    Lara Dutta mourns the loss of her father Wing Commander L.K. Dutta, days after marking 25 Years of Miss Universe win | Hindi Movie News

  • SPORTS
    Yordan Alvarez’s return to Astros delayed by hand fracture

    Yordan Alvarez’s return to Astros delayed by hand fracture

    John Heitinga leaves Liverpool to take Ajax manager role

    PSG, Doué humiliate Inter Milan in historic UCL blowout

    Mexico confirms co-hosting 2031 Women’s World Cup with United States

    Mexico confirms co-hosting 2031 Women’s World Cup with United States

    Champions League final live updates: PSG vs. Internazionale

    Champions League final live updates: PSG vs. Internazionale

    Mike Trout returns, bats 5th for first time in Angels’ win

    Spanish GP: Max Verstappen jokes it’s his ‘time to shine’ vs. McLarens

    Will Shedeur Sanders emerge at QB in new-look Browns offense?

    Will Shedeur Sanders emerge at QB in new-look Browns offense?

    How Oklahoma coach Patty Gasso became softball’s GOAT

    How Oklahoma coach Patty Gasso became softball’s GOAT

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    Ultimate Relaxation Peaceful Music with Tranquil Backwater Sea Sound Yoga, Meditation & Sleep Music

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    Ultimate Relaxing Soothing Meditation Music: Find Inner Peace and Serenity

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    TRAINS COLLISIONS SAFETY TECHNOLGY

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    The Battle of Wealth Diamonds vs Gold

    The Battle of Wealth Diamonds vs Gold

    DAILY COMMON FOOD AROUND THE WORLD

    DAILY COMMON FOOD AROUND THE WORLD

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    Instant Pain Relief Using Kitchens Ingredients

    VEGETARIANISM & VEGAN –  The Secret of Healty Life

    VEGETARIANISM & VEGAN – The Secret of Healty Life

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Home CAR & BIKES

Nissan To Cut 20,000 Jobs By Next Fiscal; 7 Nissan Plants To Down Shutters

Nissan To Cut 20,000 Jobs By Next Fiscal; 7 Nissan Plants To Down Shutters

Japanese auto major Nissan has revealed a new restructuring plan, named Re:Nissan, under which it aims to achieve positive operating profitability by end of current financial year. This includes measures such as reduction of workforce, closing down of plants and reduction of fixed and variable costs. The company is targeting a total cost savings of 500 billion yen in comparison to FY24 in cost savings. The brand has also said that it is reshaping its product strategy to be more market-focused and more brand-oriented.

Also Read: Renault Group To Acquire Full Ownership Of Indian JV With Nissan

Nissan To Cut 20,000 Jobs By Next Fiscal; 7 Nissan Plants To Down Shutters

The brand will shut down a total of 7 production plants in next 2 years.

Nissan will cut its workforce by a total of 20,000 employees by FY2027, this includes the already announced reduction of 9,000 workers. The brand is also looking at bringing down engineering costs, therefore reducing workforce’s average cost per hour by 20 percent. Significantly, seven of the 17 vehicle production plants of the brand globally will stop functioning by FY27. This also includes the cancellation of the planned LFP battery plant in Kyushu, Japan.

Nissan New CEO Ivan Espinosa

New Nissan president and CEO Ivan Espinosa announced the details.

Nissan president and CEO Ivan Espinosa said: “In the face of challenging FY24 performance and rising variable costs, compounded by an uncertain environment, we must prioritize self-improvement with greater urgency and speed, aiming for profitability that relies less on volume. Re:Nissan is an action-based recovery plan clearly outlines what we need to do now. All employees are committed to working together as a team to implement this plan, with the goal of returning to profitability by fiscal year 2026.”

Also Read: Official: Honda, Nissan Merger Off With Termination Of MoU

The market-specific approach will be positioning the U.S., Japan, China, Europe, Middle East and Mexico as key markets. The brand says it will adopt a customised approach to other markets, including India. Work with partners like Renault, Mitsubishi and Honda will continue in vehicle intelligence and electrification. A much-talked about merger between Honda and Nissan was called off earlier this year.

In India, Nissan is about to expand its vehicle portfolio with the launch of a new model based on the Renault Triber, followed by a Hyundai Creta-rivalling SUV, and a three-row derivative based on it, due next year.

Stay updated with automotive news and reviews right at your fingertips through carandbike.com’s Google News

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