Nissan axing 9,000 jobs, CEO cuts his own pay as US sales slump

Nissan Motor Co. said Thursday it will cut 9,000 jobs and 20% of its global manufacturing capacity as it seeks to cut costs by $2.6 billion this fiscal year against the backdrop of weak sales in China and the United States. The plan highlights the vulnerability of Japan's third-largest automaker, which has yet to fully […]