💨 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
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