Nissan is axing cars and pushing EVs as it hunts reinvention

Nissan has revealed a huge overhaul, trimming production and doubling-down on electrification, which the automaker hopes will flip its fortunes. Sales for the 2019 fiscal year shrank by more than 10-percent, Nissan confirmed, and it made a net loss of 671.2 billion yen ($6.2 billion) as demand dwindled, among other issues. Now, it’s time for a change.

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