The automotive giant Nissan is on the verge of declaring bankruptcy.

Due to the global economic crisis, many companies have declared bankruptcy recently, and a significant number have had to wave the white flag of insolvency.

NISSAN ON THE BRINK OF BANKRUPTCY

The latest brand added to the circle seems to be Nissan, a giant in the automotive industry. Nissan, which has faced serious financial difficulties recently, has seen its sales fall well below expectations.

THEY WILL LAY OFF 9,000 PEOPLE IN THE FIRST STAGE

The company plans to lay off approximately 9,000 people during this period, reduce production capacity by 20%, sell its shares in Mitsubishi, and postpone new model launches. However, these measures may not be sufficient for the company's future.

THE SITUATION IS GRAVE IF CASH FLOW IS NOT SECURED

In an interview with the Financial Times, two senior executives, who wished to remain anonymous, stated that the company has only 12 to 14 months left to survive. If a new investor cannot be found during this period and cash flow is not secured, bankruptcy will be inevitable for Nissan.