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Is it the 1990s all over again? 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. The company reportedly hasn’t ruled out having Honda – with which it announced a partnership in August – buy some of its shares.
Nissan to cut jobs, reduce Mitsubishi stake as profits evaporate Honda, Nissan, Mitsubishi join forces on electrification Renault begins selling off stake in Nissan Renault agrees to limit influence at Nissan, details new joint projects
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