nissan shares decline as job cuts and production slashes raise concerns

Nissan Motor Co. shares have continued to decline, with a drop of up to 5% in early trading on Monday, following a decrease of 6% on Friday. This decline over the course of two days has resulted in a loss of approximately $1 billion in the automaker's market value.

Concerns have been raised about Chief Executive Officer Makoto Uchida's strategy to revitalize the struggling carmaker, as the company has decided to cut thousands of jobs and reduce production capacity. Investors are reacting negatively to the outlook, reflecting uncertainty about Nissan's future performance in a competitive automotive market.

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