Nissan reported a quarterly loss of $535 million, primarily due to U.S. tariffs, restructuring efforts, and declining sales volumes. The automaker, Japan's third-largest, is undergoing a significant turnaround plan that includes closing seven plants globally and laying off approximately 15% of its workforce, equating to around 20,000 jobs. For the April to June period, Nissan's operating loss was 79.1 billion yen, which was better than analysts' expectations of a 123.9 billion yen loss and also less than the company's own forecast of a 200 billion yen shortfall announced earlier. This marks Nissan's first quarterly operating loss in over four years. As part of its restructuring, Nissan plans to cease production at its Civac plant in Mexico by March 2026, consolidating operations at the Aguascalientes facility.