Overview

• CEO Ivan Espinosa has launched the Re:Nissan turnaround plan targeting ¥500 billion in savings through 15% global workforce cuts and seven plant closures
• The automaker posted a $4.5 billion net loss for the year ended March and anticipates negative automotive free cash flow of ¥550 billion in Q1
• Nissan held ¥2.2 trillion in cash at end-March but faces roughly ¥700 billion in debt maturities this financial year and carries junk-rated debt
• Internal emails reveal the company asked some suppliers in Britain and the EU to defer payments until August or September to boost its April-June cash position
• Suppliers were offered immediate payment via HSBC or higher-interest delayed settlements as part of efforts to achieve positive free cash flow by fiscal 2026