Japan’s huge auto firm Nissan is unravelling at a pace similar to VW and the German auto sector. RT reports: “A new report suggests that the automaker’s days are numbered,” quoting Financial Times that two unnamed Nissan executives said the company has “12 to 14 months to survive.... This is going to be tough. And in the end, we need Japan and the U.S. to be generating cash,” they said.
The company is reportedly looking for a new long-term investor, such as a bank or large insurance group, to replace some of Renault’s equity holdings, the report says. The company also hasn’t ruled out the possibility of longtime rival Honda taking a majority stake in the company, saying “all options” are on the table. Nissan recently signed a partnership with Honda (and Mitsubishi) for long-term EV development. French company Renault is considering selling a portion of its shares to Honda.
