Nissan secures $7.8 billion from creditors since April: filing

Nissan secures $7.8 billion from creditors since April: filing

Nissan Motor Co <7201.T> has raised $7.8 billion in financing from its creditors since April as it tries to shore up its cash position in the face of falling sales due to the coronavirus pandemic, its latest annual securities report shows.

Japan’s No. 2 automaker is struggling to recover profitability after posting its first annual loss in 11 years, suffering from falling sales, a tarnished image and a deteriorating cash position even before the virus outbreak sapped global demand for cars…

Source: YahooFinance

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