💨 Abstract

Nissan, Japan's third-largest carmaker, is facing severe financial difficulties. After announcing £4 billion in losses, the company is discontinuing its cheapest model, the manual-equipped Versa, and halting global pay raises. Nissan plans to raise £5.2 billion, with UK Export Finance backing a £1 billion loan. The company is offering buyouts to U.S.

Courtesy: Ethan Singh