Nissan expects some of the job cuts to come in the form of voluntary separation programs like buyouts. The company says it’s still going to build the 30 new or updated models included in its Arc plan but their timing might be delayed.

Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle "a severe situation." The company reported a 93 percent plunge in net profit in the first half as CEO Makoto Uchida told reporters that weak sales