These are dark days at Nissan, which has announced plans to cut 9,000 jobs while reducing its stake in Mitsubishi. The moves are hardly encouraging signs for the Japanese automaker, a major supplier of rental fleets in the US and a familiar presence in society.
The deep cuts reflect serious financial strain as Nissan scrambles to stabilize. Shedding both jobs and its investment in Mitsubishi signals just how urgently the company is working to shore up its position amid a difficult stretch.
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