TOKYO — Nissan’s stock price rebounded sharply Nov. 5 after slumping to its lowest level since 1975 as investors weigh whether CEO Ivan Espinosa’s turnaround plan can hold.

Shares jumped 10.5 percent to finish at 293 yen ($1.85) in Tokyo trading.

The day before, Nissan’s stock crashed through their Great Recession lows of 2009 to touch 256 yen ($1.61). That marked the lowest trading level in 51 years, according to Japan’s Nikkei daily.

Nissan Motor Co. shares are down about 25 percent for the year and about 17 percent since Espinosa took over the troubled Japanese automaker in April 2025.

Toyota Motor Corp. shares, by contrast, have climbed 3.9 percent year to date, and Honda Motor Co. is up 25 percent, after an initial drop on massive electric vehicle restructuring charges.

Keep up with product planning news with Automotive News' regularly updated database.

Future Product database: 5-year vehicle timelines

Future Product guide: Our 10-week series on future products by brand

Nissan’s Espinosa will give an update on his restructuring plan Nov. 11, when the company announces earnings results for its July-September fiscal second quarter. Espinosa is a year into a restructuring campaign that hinges on factory closures, job cuts and faster product cycles.

Espinosa guided Nissan to net and operating profits in the fiscal first quarter ended June 30.

The company expects to return to full-year profitability in the current fiscal year ending March 31, 2027, as executives race to reverse imploding sales and cash burn and reinvigorate its lineup. Still, Nissan downgraded its sales forecast in August, predicting global volume will flatline at 3.15 million vehicles this current fiscal year, from 3.151 million the year before.

Nissan had earlier predicted sales would expand 4.7 percent to 3.3 million vehicles.

The new outlook implies that Nissan’s global sales are on pace to contract for eight of the last nine fiscal years. Nissan’s global sales declined 4.7 percent to 1.41 million vehicles in the first half of the fiscal year through Sept. 30, according to its latest sales and production data.

The slide is largely because of deteriorating sales in China, which heightens Nissan’s reliance on its U.S. stronghold where deliveries are on the rise for now. Nissan’s sales in China fell 15 percent to 237,458 vehicles in April-September, while U.S. sales increased 5.5 percent to 469,215.