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12-27-2019, 06:29 AM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Nissan (https://www.autoblog.com/nissan)
https://o.aolcdn.com/images/dims3/GLOB/crop/3237x1821+0+223/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2019-12/ec5a1000-28ad-11ea-97fb-4569fca31dff Japan's Nissan Motor Co has told its managers to slash non-essential spending as the automaker grapples with slumping car sales and tumbling profits, three company sources with knowledge of the matter told Reuters. Managers have been told to put the kibosh on unnecessary travel, sales incentives and promotional events to "conserve every yen," as one source put it. Meetings that three or four people would once have travelled to attend in person, might now only have one Nissan representContinue reading Nissan orders drastic spending cuts to stem profit slide and 'conserve every yen,' say sources (https://www.autoblog.com/2019/12/27/nissan-drastic-spending-cuts-report/)
Nissan orders drastic spending cuts to stem profit slide and 'conserve every yen,' say sources (https://www.autoblog.com/2019/12/27/nissan-drastic-spending-cuts-report/) originally appeared on Autoblog (https://www.autoblog.com) on Fri, 27 Dec 2019 08:40:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2019/12/27/nissan-drastic-spending-cuts-report/) | Email this (https://www.autoblog.com/forward/2196629/) | Comments (https://www.autoblog.com/2019/12/27/nissan-drastic-spending-cuts-report/#comments)
More... (https://www.autoblog.com/2019/12/27/nissan-drastic-spending-cuts-report/)
https://o.aolcdn.com/images/dims3/GLOB/crop/3237x1821+0+223/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2019-12/ec5a1000-28ad-11ea-97fb-4569fca31dff Japan's Nissan Motor Co has told its managers to slash non-essential spending as the automaker grapples with slumping car sales and tumbling profits, three company sources with knowledge of the matter told Reuters. Managers have been told to put the kibosh on unnecessary travel, sales incentives and promotional events to "conserve every yen," as one source put it. Meetings that three or four people would once have travelled to attend in person, might now only have one Nissan representContinue reading Nissan orders drastic spending cuts to stem profit slide and 'conserve every yen,' say sources (https://www.autoblog.com/2019/12/27/nissan-drastic-spending-cuts-report/)
Nissan orders drastic spending cuts to stem profit slide and 'conserve every yen,' say sources (https://www.autoblog.com/2019/12/27/nissan-drastic-spending-cuts-report/) originally appeared on Autoblog (https://www.autoblog.com) on Fri, 27 Dec 2019 08:40:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2019/12/27/nissan-drastic-spending-cuts-report/) | Email this (https://www.autoblog.com/forward/2196629/) | Comments (https://www.autoblog.com/2019/12/27/nissan-drastic-spending-cuts-report/#comments)
More... (https://www.autoblog.com/2019/12/27/nissan-drastic-spending-cuts-report/)