Can companies cut their way out of a crisis? And has this crisis become so bad that radical cultural change is possible? In the case of Nissan Motor Co. and its global car-making alliance with Renault SA and Mitsubishi Motors Corp., it is easier to be optimistic about the first question than the second. As part of a much-anticipated transformation plan, Nissan said Thursday it would revive profits by shrinking its production capacity by 20%, particularly in areas like Europe and Southeast Asia that it no longer considers “core.”...

Source: Wall Street Journal May 28, 2020 12:56 UTC