Overview

• CFO Jeremie Papin forecasts a ¥550 billion free cash flow deficit for the quarter ending June and aims for positive cash by fiscal 2026.
• Under CEO Ivan Espinosa’s Re:Nissan plan, Nissan plans to cut 15% of its global workforce and close seven plants to achieve ¥500 billion in cost savings.
• The automaker faces about ¥700 billion of debt maturing this year and carries junk credit ratings from all three major agencies.
• Internal emails show suppliers in Britain and the EU can defer payments until mid-August or September at higher interest rates or opt for immediate HSBC-financed settlement.
• The company posted a ¥671 billion net loss in the year to March and has proposed selling assets, including its Yokohama headquarters, to raise capital.