Nissan Motor Co. held its shareholder meeting amid scrutiny over its financial performance and restructuring plans. The company reported a loss exceeding 670 billion yen in the previous fiscal year and announced a plan to cut 20,000 jobs worldwide by 2027 as part of a major restructuring effort. The CEO, Ivan Espinosa, apologized for the poor performance and faced shareholder criticism over high executive compensation, including payments exceeding 600 million yen to former executives. Nissan also revealed plans for large production cuts at its main Oppama plant in Yokosuka, Kanagawa Prefecture, reducing output to 20% of capacity during July and August. Despite shareholder dissatisfaction and calls for management accountability, all company proposals were approved. Meanwhile, Honda announced a shift in strategy for its next-generation fuel cell parts, planning to build a new factory in Japan with an annual production capacity initially targeted at 30,000 units by the fiscal year ending March 2028, though the start date is now uncertain due to weakening demand. Toyota is delaying production of electric vehicles in the U.S. to prioritize a popular gasoline-powered SUV amid softening demand for plug-in vehicles. Additionally, Tesla has paused production of its Optimus humanoid robots to redesign the model, a process expected to take about two months, making the company's 2025 goal of producing 5,000 units unlikely. Toyota also began shipping Triad-made batteries to its assembly plants, marking a milestone in its supply chain.