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Japan's Nissan reshuffles management to fix its money-losing business

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Embattled Japanese automaker Nissan has tapped Jeremie Papin, who was overseeing its U.S. operations, as its chief operating officer in a major management reshuffle billed as key to a turnaround. The move as announced in the United States on Thursday.
Nissan Motor Co. is undergoing a significant management reshuffle to address its ongoing financial challenges, as reported by MSN Money. The Japanese automaker, which has been grappling with declining sales and profitability, is implementing changes aimed at revitalizing its operations. This includes appointing new executives to key positions to enhance decision-making processes, streamline operations, and foster innovation. The reshuffle comes in response to a series of setbacks including a global chip shortage, supply chain disruptions, and a slow recovery in the Chinese market. Nissan's strategy involves focusing on cost reduction, improving product quality, and accelerating the shift towards electric vehicles (EVs) to regain market share and profitability. The company is also looking to strengthen its alliance with Renault and Mitsubishi to leverage synergies in technology and market expansion.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/executive-leadership-and-management/japan-s-nissan-reshuffles-management-to-fix-its-money-losing-business/ar-AA1vHWxw ]