Nissan announces they are on the brink of bankruptcy: “We still have 12 to 14 months”
November 27, 2024
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Japanese car giant Nissan has been struggling with financial problems lately. The brand whose sales are certainly not going as expected for 9,000 people a mass layoff, a
Japanese car giant Nissan has been struggling with financial problems lately. The brand whose sales are certainly not going as expected for 9,000 people a mass layoff, a 20 percent reduction in production capacity, the sale of its shares in Mitsubishi and even the launch of new models plan to postpone.
However, the latest news is that the events how serious it is revealed again. Two unnamed senior executives at Nissan spoke to the Financial Times. In this meeting, for Nissan making you think the end of the road is in sight A statement was shared.
“We still have twelve to fourteen months to survive.”
According to a statement from a Nissan executive, to ensure the company’s survival There are still twelve to fourteen months to go.. If no new investor is found in this process and no cash flow is generated, it will be the end of the road for Nissan. The company official said the US and Japan need to provide cash flow: he said nothing else.
One of Nissan’s investors is Renault. Share of the French brand in Nissan 46 percent levels. However, this percentage will decrease very soon. According to Renault’s statement, the shares will be offered for sale. In this case another investor, Honda big job will be done It seems like it. If Honda wants to guarantee Nissan’s future, it will do its best. Otherwise, things will get even worse for Nissan.
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