Ford has idled one of its $7B EV battery plants in Kentucky and will share the active site with Nissan, amid slowing EV demand, rising costs, and a looming $2.5B tariff hit.
Nissan announced major steps to reconfigure global operations, including cutting thousands of jobs and closing half of production plants to stabilize finances.
A Microsoft spokesperson told CNBC that the software giant continues to implement “organizational changes necessary to best position the company for success in a dynamic marketplace.”
Nissan has canceled plans for a $1.1B EV battery plant in Japan due to weak performance. It also announced a record net loss and plans for restructuring.
Jean-Dominique Senard was Nissan’s vice chairman and will step down at the end of the annual general meeting of shareholders scheduled for June, the Japanese automaker said.
In a surprise move on Wednesday morning, Trump announced on Truth Social that he would join the meeting and expand the agenda to include military cost-sharing and what he called “trade fairness.”
Constellation Research founder and chairman Ray Wang says a potential investment from Tesla Inc in Japan’s Nissan Motor Co Ltd would be a “brilliant move”.
