Nissan says planned layoffs not linked to Trump tariffs | Fact check
The report shows the company's profits had been dropping long before Trump won his second term. Global sales fell 3.8% for the first half of the financial year, Reuters reported. Nissan CEO Makoto Uchida said that the company misread the U.S. demand for hybrid vehicles, Reuters reported. "We didn't foresee HEVs ramping up this rapidly," he said.