12:42 - 29.11.2024

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November 29, Fineko/abc.az. Japan's Nissan Motor Co. is looking for an investor to help it get through a crucial year, while the automaker's longtime partner, Renault, is reducing its stake in it, ABC.AZ reports, referring to the Financial Times.

According to FT sources, Nissan is looking for a long-term, permanent shareholder, for example, a bank or an insurance company.

"We have about 12-14 months to survive," one source close to Nissan told the FT.

The company is finalizing the terms of a new partnership in the field of electric vehicle production with rival Honda Motor Co. According to sources, Nissan does not exclude the possibility that Honda will buy part of its shares. The company is considering all options, given the difficult situation forcing it to restructure operations in response to falling sales in China and the U.S., sources say.

In early November, Nissan announced that it would reduce global production capacity by 20%, cut 9,000 jobs, and sell part of its stake in Mitsubishi Motors Corp.