Things are already getting down to business for Nissan. For the second time in three decades, the Japanese car manufacturer finds itself in an existential crisis. The first time around the turn of the millennium, French competitor Renault came to the rescue. This time the traditional company seems to have to get back on its feet primarily with tough austerity measures. 20,000 jobs will be cut and seven of 17 production sites will be closed. Last week, CEO Ivan Espinosa, who has been in office for just a few months, also announced that the company would sell its headquarters in Yokohama and then lease it back.
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