Nissan Plans to Cut More Than 10,000 Jobs Globally: Kyodo

The video discusses the global challenges facing the auto industry, including job losses and market pressures in China, the US, and Europe. It highlights the impact of technology on the industry and the need for consolidation. Specific job cuts by Ford, Volkswagen, and Nissan are detailed, with a focus on Nissan's struggles due to global headwinds and internal issues, including a rift with Renault and profit declines.

What does the term 'perfect storm' refer to in the context of Nissan's situation?

What did the CEO of Nissan say about the company's operating profit?