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Nissan to Cut Output by 30%

That’s a reduction of about 1.1 million vehicles.

The automotive market has struggled to maintain sales as COVID-19 keeps buyers and drivers at home.

Nissan is taking a dramatic step to curb the losses brought on by the pandemic.

According to Reuters, sources close to the Japanese automaker have said the company will cut output by 30% between now and the end of the year.

That’s a reduction of about 1.1 million vehicles.

Nissan has grappled with choppy sales numbers, along with an image tarnished by the high-profile arrest of former chairman Carlos Ghosn.

So far this fiscal year, Nissan’s production has been down more than 60%.

In May, the company posted its first annual loss in 11 years.

But Nissan hopes to pivot with some viable electrics, and just showed off its Ariya crossover, which goes on sale in the U.S. next year.

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