Recovery plan: Nissan’s Ginza showroom in Tokyo. The company expects to have positive free cash flow in the second-half of the current financial year. — Bloomberg
TOKYO: Nissan Motor Co has raised US$7.8bil 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.
In a filing with Japanese financial authorities on Monday, the automaker said it had raised a total of 832.6 billion yen (US$7.8bil), including 712.6 billion yen announced in late May to respond to the novel virus.
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