Nissan, hurt by US and Chinese sales, slashes 9,000 jobs globally; CEO to cut pay in half

Nissan Motor will cut 9,000 jobs and 20% of its global manufacturing capacity, the automaker said Thursday, as it scrambles to reduce costs by $2.6 billion in the current fiscal year amid a sales slump in China and the U.S. The plans underline the vulnerability of Japan's third-largest automaker...