The Latest Breaking News from Ivan Espinosa

Today on Critical Materials: Audi learns some lessons in China, Tesla loses its tech crown and Nissan looks to stop the bleed by offering buyouts to employees.

Nissan is undertaking a massive cost-cutting agenda after losing billions in recent years due to sales falling short of investments. While the new product roadmap centers on the usual suspects, crossovers and SUVs, there’s still hope for fun cars. The Z is soldiering on and could one day be joined…

On December 23, 2024, Nissan and Honda signed a memorandum of understanding (MOU) to explore a potential merger. However, the negotiations didn’t last long before the two Japanese automakers parted ways. On February 13, 2025, the companies officially ended talks, partly because Nissan was against becoming a Honda subsidiary. While…

Believe it or not, the first rechargeable lithium-ion batteries were invented in the U.S. Even Early nickel-manganese-cobalt (NMC) cathodes were developed at Argonne National Laboratory. The lithium-iron-phosphate (LFP) battery, too, originated in the U.S., with foundational work led by battery pioneer John Goodenough at the University of Texas at Austin.

The first order of business for Nissan’s new CEO is to put the struggling company into recovery mode. Drastic decisions were made from day one: slashing 20,000 jobs, closing seven factories, eliminating six platforms, reducing parts complexity by 70 percent, and halting the development of certain models. These are the…

Ivan Espinosa says UK plant will not be hit by cost cuts as Japanese firm reveals seven factories to close

Toyota and Honda cut their annual forecast by double digits. Nissan declined to issue one for the time being.

Nissan just had its worst financial year in over two decades. The Japanese brand announced its final results for Fiscal Year 2024 (FY24), which ended on March 31. As expected, the numbers are down. Way down.

Nissan is slashing about 15% of its global workforce, or about 20,000 employees, as the Japanese automaker reported a loss Tuesday for the fiscal year that just ended.

Carmaker slumps to £3.4bn loss after talks over Honda merger collapse and US and China sales fall

Japan's Nissan posted a huge annual net loss of $4.5 billion on Tuesday while confirming reports that it plans to cut 15 percent of its global workforce and warning about the possible impact of US tariffs.