Automotive group Nissan has reported full-year revenues for the period ending March 21, 2025, of around $82.5 billion. This was down by 0.4% compared to the previous year’s figures.

The group sold more than 3.3 million vehicles over the 12-month period, down by 2.8% year on year.

It said it would intensify its efforts to cut costs as it attempts to turn sales around. As a result, it will cut 20,000 jobs over the next four years.

Chief executive, Ivan Espinosa (pictured), said the group would also consolidate its global manufacturing set-up, reducing its 17 plants at the moment to 10 within the next three years.

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