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Nissan Slashes U.S. Product Planning Operations

Latest cutbacks at increasingly troubled maker.

by on Feb.23, 2009

Better days: Carlos Ghosn in the bed of a Nissan Titan.

Better days: Carlos Ghosn in the bed of a Nissan Titan during its introduction.

Somewhat lost in the near-daily drumbeat of bad news about Detroit’s Big Three, Japan’s automakers are facing a crisis of their own that’s worsening quite rapidly.

Barely two weeks after revealing its balance sheet will plunge deep into the red for the fiscal year ending March 31st – its first loss in nine years – Nissan has announced plans to eliminate more than half of its U.S. advanced product planning team. A total of 10 out of 19 current spots will be eliminated, according to a spokesman.

It’s unclear precisely what impact that will have, as the team normally is used to provide American market input for the development of vehicles likely not to hit market for at least another five years.