--- title: "Nissan Preparing for $4.2 Billion Net Loss and Deep Cuts: TDS" date: "2026-02-12" modified: "2026-02-12" authors: - name: "Joel Feder" job_title: "Director of Content and Product" link: "https://www.thedrive.com/authors/joel-feder" url: "https://www.thedrive.com/news/nissan-preparing-for-4-2-billion-net-loss-and-deep-cuts-tds" categories: - "News" - "The Downshift" --- # Nissan Preparing for $4.2 Billion Net Loss and Deep Cuts: TDS ![2025 Nissan Armada Pro-4X]() Good morning and welcome to *The Downshift*, or *TDS* for short. Light, tight, and lacking filler, *TDS* gathers the latest automotive headlines from around the globe and puts them in one place. Stories are summarized in a single sentence accompanied by a link for those seeking more information. 🚨 Episode 3 of [*The Drivecast*, *The Drive*'s new podcast](), was released yesterday and features Sir Jony Ive as we discuss the interior of Ferrari's upcoming EV, what it means for the automotive industry, and whether it's a revolution. You can [listen on *The Drive*](), [Apple Podcasts](), or [Spotify]() for free. The first cup of coffee is gone and I'm definitely ready for a second, so let's get into it. 🚘 What I’m driving: Still spending the week with the 2026 Lexus NX 350h AWD and while it might not be exciting to drive, it is efficient as it's currently averaging just over 33 mpg in mixed suburban driving. πŸ’Έ Nissan said it's [projecting a $4.2 billion net loss]() as the automaker's fiscal year looms next month; deep cuts are coming with [seven factories set to close]() resulting in 20,000 job losses. πŸ‘¨β€πŸ’Ό Honda America [tapped its CFO, Eiji Fujimura](), to shift into the CEO chair as the automaker grapples with affordability pressures, tariff costs, and slumping EV sales. 🀝 [Ford is partnering with Renault]() in Europe in an attempt to slash costs on EVs. πŸŽ₯ A [sequel to the F1 movie]() is now in the works as confirmed by producer Jerry Bruckheimer. πŸ’Έ [Mercedes-Benz's earnings were more halved]() thanks to tariff costs and slumping sales in China. πŸ†• BMW Alpina [revealed a new logo]() ahead of the automaker's relaunch. πŸ”¨ The [RENNtech SEC V12 Sledgehammer debuted]() as an homage to a Mercedes legend and only 12 examples will be built. πŸ”‹ [Ferrari's CEO said]() the automaker's launching an EV because the iconic automaker has to "worry about the next generation." πŸ‡¨πŸ‡³πŸ‡²πŸ‡½ Chinese automakers BYD and Geely are [looking to buy a Mercedes-Benz factory in Mexico]() in a bid to get a stronger foothold in North America. βš™οΈ Chevrolet and Honda are reportedly set to [continue their IndyCar engine partnership]() beyond 2026. *Got a news tip or feedback? Drop us a line at tips@thedrive.com* ## Author Overseeing what you see, read, touch, hear, and interact with from the vast lakes of Minnesota, Joel Feder shapes how The Drive looks and operates as the head of content and product initiatives. On a daily basis, Joel leads the newsroom and editorial staff playing point on both short-term coverage and long-term strategic plans. His mission is to help ensure The Drive shapes the future of automotive media by helping the team execute original reporting, breaking news, and exclusive opportunities. Regarded as an industry insider and recognized by colleagues, fellow journalists, and manufacturers as a point-person and leader in the industry, Joel owns and runs the largest automotive professionals group on Facebook in an effort to serve and help others. Joel serves as a juror for the World Car Awards. In addition, he is the board chair and chair of the governance and nominating committee for Move Forward MN, a local non-profit that helps at-risk youth with barrier-free mental health and housing services. While you’re reading this he’s either on his computer or iPhone chasing the latest news or drafting a story. ### Author social links [Instagram]() [LinkedIn]() [Bluesky]() [Email]()