Nissan to speed up car launches amid worst crisis in 25 years
Nissan CEO Ivan Espinosa vowed to slash new model development times to 37 months, down from 50, after merger talks with Honda collapsed. The automaker faces $1.2 billion losses, $5 billion debt due next year, and plans 20,000 job cuts plus 7 plant closures. Nissan lags behind Tesla and BYD but aims to recover with faster launches.