NISSAN MOTOR UNVEILED A PLAN TO RECOVER FROM TUMBLING PROFITS AND ANNUAL LOSS

Highlights

• It plans to become a smaller and more cost-efficient automaker
• It will slash its production capacity and model range

On Thursday, Nissan Motor Co unveiled a plan to become a smaller, more cost-efficient automaker. It is an attempt to recover from four years of tumbling profits. It culminated in its first annual loss in 11 years.

The Japanese carmaker will slas....