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Nissan reshuffles leadership as business continues to struggle

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Nissan's leadership shakeup seeks to address falling profits, debt, and an outdated product lineup, but analysts warn deeper changes are needed.
Nissan Motor Co. is undergoing a significant leadership reshuffle as it grapples with ongoing business challenges. The company has announced that Chief Operating Officer Ashwani Gupta will not be reappointed to the board, signaling a shift in its executive lineup. This change comes amidst Nissan's efforts to recover from a sales slump and navigate through a competitive automotive market. Additionally, Nissan is focusing on cost-cutting measures and has set a goal to achieve a 5% operating profit margin by March 2024. The leadership changes are part of a broader strategy to revitalize the company, enhance its electric vehicle offerings, and strengthen its alliance with Renault and Mitsubishi Motors.

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