Nissan To Close Plants In Spain And Indonesia

Nissan announced a four-year plan to improve its financial situation by focusing on cost rationalization and business optimization, moving away from its previous strategy of expansion. The plan includes closing unprofitable facilities, which led to protests in Spain due to job losses. The announcement follows a fiscal year with $6.2 billion in losses, marking Nissan's first annual loss since 2009. The company aims for a 5% operating profit margin and a 6% global market share by the end of fiscal year 2023.

What is the main focus of Nissan's new four-year plan?

• Increasing production capacity

• Developing new vehicle models

• Cost rationalization and business optimization

• Expanding into new markets

What was one of the consequences of Nissan's plan to close certain facilities?

• Increased production efficiency

• Protests in Spain due to job losses

• Higher sales in Indonesia

• Improved employee satisfaction

During which fiscal year did Nissan experience a significant financial loss?

• 2021

• 2020

• 2019

• 2018

What was the amount of loss reported by Nissan for the fiscal year ending in March?

• $5.1 billion

• $6.2 billion

• $7.3 billion

• $8.4 billion

What are Nissan's targets for operating profit margin and global market share by the end of fiscal year 2023?

• 6% profit margin and 7% market share

• 5% profit margin and 6% market share

• 4% profit margin and 5% market share

• 3% profit margin and 4% market share