Japan's Nissan Motor is offering buyouts to workers and cutting back shifts at three U.S. factories, a company spokesperson said on Thursday, as the automaker pushes to slash $2.6 billion in costs globally.

Nissan Motor is slashing production at its U.S. plants and offering buyouts to factory workers there as part of the Japanese automaker’s urgent efforts to return to profitability

And in the end, we need Japan and the US to be generating cash." Following a sales slowdown, Nissan wants to reduce the headcount at the factories that make its Rogue SUV and the midsize Altima sedan.

Honda Motor and Nissan Motor have said they will determine the next steps in their planned merger by the end of January. TOKYO -- Honda Motor and Nissan Motor will aim to announce how they will proceed with their planned merger by mid-February, Nikkei learned Friday.

Japanese car makers Honda (HMC) and Nissan changed course today and will now give up an update on potential merger plans next month.Invest with

Mitsubishi is thought to be concerned about its management freedom, as the future of Nissan’s management restructuring is not clear.

Japanese automaker Nissan is slimming down its production in the U.S. and offering buyouts to workers in a push to cut jobs after reporting losses during the last quarter. Nissan is offering

Nissan Motor Co. is eliminating a work shift at two US vehicle assembly plants and trimming its hourly staff via buyouts, a downsizing to align its output with lower sales volumes as it mulls a possible sale to Honda Motor Co.

IT major Tata Consultancy Services (TCS) chief executive K Krithivasan said that businesses need to be “perpetually adaptive” in a world rife with technology transformation, geopolitical dynamics, energy transition, and shifting consumer expectations.

A PDS gang member named Isjalon Jermiah Armstead has pled guilty to firing a weapon during a "rolling shootout" linked to drug trafficking in Washington, D.C.

Snowfall is expected in central Tokyo from early Sunday, with accumulation possible, according to a weather report released by the Japan Meteorological Agency on Friday.