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Nissan to delay supplier payments
Mint Kolkata
|July 01, 2025
Nissan Motor has asked some suppliers to allow it to delay payments to free up short-term funds, according to several emails and a company document reviewed by Reuters, as the troubled Japanese automaker scrambles to boost cash.
New chief executive officer (CEO) Ivan Espinosa, who took over in April, has unveiled plans to shed around 15% of Nissan's global workforce and close seven plants as he targets 500 billion yen ($3.4 billion) in cost cuts over the next two years. Battered by s
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