Chosen Article

Nissan to slash 20,000 jobs and sees annual loss

TOKYO – Nissan is slashing 20,000 jobs, or 8.5 percent of its global work force, to cope with what Japan's third-largest automaker expects will be its first annual loss in nine years.
"The global auto industry is in turmoil, and Nissan is no exception," Chief Executive Carlos Ghosn told reporters Monday in Tokyo.
Nissan Motor Co. now expects a 265 billion yen ($2.9 billion) net loss for the fiscal year through March — joining a raft of other Japanese corporate giants, including Toyota, Toshiba and Sony, in slashing jobs and projecting annual losses.
The last time Nissan racked up an annual net loss was for the fiscal year ended March 2000, at the start of its alliance with Renault SA of France, which sent in Ghosn to rescue Nissan from the brink of collapse. Then, a bloated Nissan had lost money in seven of the previous eight years.
Ghosn, now also chief executive at Renault, said the troubles back then had been limited to Nissan but no automaker has been spared from the global economic slump.
"In 1999, we were alone. In 2009, everybody is suffering," he said.
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http://news.yahoo.com/s/ap/20090209/ap_on_bi_ge/as_japan_earns_nissan

Summary

Nissan is losing a lot of money around the world and they need a strategy to make it stop. They are slashing twenty thousand jobs because of that they are going to join to Renault. I think they should join Renault because they would give them an opotunity to improve their downs and a little help isn't too bad.

Sentences

- Nissan is slashing 20,000 jobs.

slashing= verb(-ing)

is= verb to be

job= noun

- The global auto industry is in turmoil, and Nissan is no exception.

global= adjective

industry= noun

no= adverb

- Nissan had lost money in seven of the previous eight years.

money= noun

of= preposition

previous= adjective