Japanese automaker Nissan expanded its planned job cuts after seeing a "challenging" FY 2024. The company is also working to mitigate the impact of President Donald Trump's tariffs.

Nissan and Honda agreed to consider a merger and set up a joint holding company, which would create the world's third-largest automaker.

Nissan is cutting jobs and its CEO's pay after results from the first half of FY24 showed decreased consolidated net revenue and global sales volumes, and a .5% operating profit margin.

Nissan and the NHTSA are warning drivers of older Nissan vehicles that still have recalled Takata air bags not to drive until the air bags are repaired and replaced due to safety risks.

Nissan is seeking to drive more profitability over the medium-term through a new plan. It involves 30 new models and a unit sale increase of 1 million in the next three years.

Toyota bought a majority share in Daihatsu in 1967 and expanded that to a controlling interest in 1998 after the company failed to make an impact in the North American market.

About 236,000 Nissan Sentras from model years 2020 through 2022 are being recalled over a problem that could cause drivers to lose steering control.

Interest in electric cars has more than doubled since the Russian invasion of Ukraine sent oil prices into record territory, according to new data from Cars.com.

Nissan is putting much of its Russian business on hold after the invasion of Ukraine. Exports to the country have been suspended and it will soon cease production at its factory in St. Petersburg.

Experts call the switch to electric vehicles a "generational shift" not seen since the adoption of oil and gas in the 1800s.