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The move as announced in the United States on Thursday. It means Papin, chairman of Nissan’s Americas Management Committee, replacesMa’s replacement had been speculated about for some time, given Nissan’s problems in the key U.S. market, lately dominated by Tesla, Toyota and Ford.or about 6% of its global work force, and reducing global production capacity by 20% after reporting a quarterly loss of 9.3 billion yen .
Papin will steer a recovery, given his experience in strategy, business development and investment banking, according to Nissan, which makes the Leaf electric car, Rogue SUV and Infiniti luxury models. Last month, Fitch lowered its outlook on Nissan from stable to negative, citing its performance in the North American market, noting it may lower its ratings if weakness continues.
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