Nissan looks to avoid repeat of Renault rescue following profit ...
Operating profit dropped 90% in the first half of firm's financial year, edging it toward a financial precipice
“A one-million-unit sales increase will be a tough objective,” said Nissan CEO Makoto Uchida
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5 mins read
2 December 2024
After a brutal six months, Nissan is edging towards a financial precipice of the type that prompted its 1999 rescue by Renault.
The Japanese firm is reportedly scouting for an investment partner to bolster it financially.
Honda has been named by a source speaking to the Financial Times as a possible buyer for shares being sold by Renault.
Nissan has hit the financial skids during a six months in which it was forced to offer substantial discounts to move metal in its key markets of the US and China.
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