Nissan’s Financial Crisis: 12-14 Months to Sort Out Its Finances
Nissan seems to be in serious trouble. Insiders say the company might have just over a year (12-14 months) to sort out its finances before things become unsustainable. Slowing sales in big markets like China and the U.S. have hit hard, forcing Nissan to cut more than 9,000 jobs and reduce production by 20%.