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Nissan Shares Tumble After Cutting 9,000 Jobs and Halving CEO Pay

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Summary
Nutrition label

74% Informative

Nissan Motor Co.’s struggles to cope with tougher car industry conditions and address internal weaknesses have spiraled.

The automaker announced plans to dismiss 9,000 workers and cut a fifth of its manufacturing capacity.

Nissan also will sell off some of its stake in Mitsubishi Motors after burning through $2.9 billion in cash the last six months .

Nissan is now expecting to produce about 3.2 million vehicles in the year ending in March .

The company also lowered its retail sales outlook to 3.4 million vehicles.

Nissan agreed with Honda Motor Co. and Mitsubishi Motors to work together on software development, batteries and other EV components.

VR Score

84

Informative language

89

Neutral language

43

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

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