The Japanese automotive giant announced that it could go bankrupt within 12 months due to financial difficulties.

Recently, Nissan, which has been struggling with financial difficulties, announced plans to lay off at least 9,000 people, reduce production capacity by 20%, and sell its shares in Mitsubishi. The brand also plans to postpone the launch of new models.

Recent reports indicate that the situation is even more dire. Two unnamed Nissan executives confirmed in an interview with the Financial Times that they are seeking investors. One of the officials stated, "We have 12 to 14 months to survive. We need Japan and the U.S. to generate cash."

Renault, one of Nissan's investors, will reduce its stake from 46% to 40%.

Honda, on the other hand, has made a long-term agreement with Nissan to jointly develop electric vehicles.

SHARES MAY BE ACQUIRED BY HONDA

Former Nissan CEO Carlos Ghosn mentioned a few months ago while evaluating the partnership between Nissan and Honda that this collaboration could mean a "takeover." Ghosn stated, "This agreement will only be successful if it is a covert takeover operation. Honda will take the driver's seat in the Nissan and Mitsubishi partnership. I am sure this is a covert takeover."

No clear statement has yet been made by Nissan regarding these matters.