Is iconic Japanese automaker Nissan in dire situation? Reports say it is existing on borrowed time and can only survive for 12-14 months
Automobile industry giant Nissan is apparently not having a great time in the market, as reports suggest that it is now surviving on borrowed time and could end up in a completely devastating situation in a year or so.
Nissan's Situation Gets Dire: '12 Or 14 Months To Survive'
Ouch. As that story notes, Nissan sells no hybrid cars in the U.S. at present, though it once did. Yet hybrid cars are doing wonders for Toyota, Hyundai, Kia and even Ford at the moment; while the Ariya is a solid EV, Nissan's old-school internal combustion powertrains just aren't competitive in the 2020s.
Nissan has '12 or 14 months to survive' as financial situation gets dicey - report
Nissan’s financial situation has gotten dire, with The Financial Times reporting it’s urgently looking to find a long-term, steady shareholder such as a bank or insurance group as Alliance partner Renault looks to reduce its stake. “We have 12 or 14 months to survive,” a senior official close to Nissan told the publication.
Nissan Is Living On Borrowed Time: Report
A new report says that Nissan is looking for outside investment cash. If it doesn't get it, the company might not survive the next 14 months.
Insider says Nissan has “12-14 months to survive”
Some sources said Nissan was seeking a steady shareholder like a bank or insurance group, though it hasn't ruled out a rival automaker like Honda, which Nissan is already working
Nissan Executive Reveals Company's 12-Month Survival Timeline
Nissan is facing a rough patch with a leading executive announcing they need to find a new investor or they won't survive.
Nissan Slashing US Production By 17% As It Fights For Survival
The brand recently announced that roughly 6% of its US workforce will accept early retirement offers by the end of the year
Nissan Has '12 to 14 Months' Left
Slow sales in the US and Japan prompted Nissan to cut more than 9,000 jobs earlier this month, while simultaneously slashing production by nearly 20 percent. Nissan's operating pr
Nissan's '12-14 months to survive' amid search for investors, reports suggest
Bosses at automotive giant Nissan have warned the company has '12-14 months' to survive unless a new investor is found, new reports suggest. Amid a sales slump, Nissan recently announced plans to shed 9,
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Executives say Nissan has '12 to 14 months to survive'
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Is Nissan launching its sleek new N7 electric car in the US or Europe?
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