By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Future AutomobileThe Future AutomobileThe Future Automobile
  • Home
  • Cars
  • Electric Cars
  • Hybrid Cars
  • Motor Cycle
  • Scooters
  • E-Bikes
  • Review Videos
Reading: Nissan sounds the alarm as it pushes to delay supplier payments
Share
Notification Show More
The Future AutomobileThe Future Automobile
  • Home
  • Cars
  • Electric Cars
  • Hybrid Cars
  • Motor Cycle
  • Scooters
  • E-Bikes
  • Review Videos
Follow US
© 2024 All rights reserved | Powered by The Future Automobile
The Future Automobile > Electric Cars > Nissan sounds the alarm as it pushes to delay supplier payments
Electric Cars

Nissan sounds the alarm as it pushes to delay supplier payments

10 hours ago 4 Min Read
Share
Nissan’s new N7 EV launches in China with +380 miles range and it starts at under $17,000
SHARE

Is Nissan elevating the crimson flag? Nissan is now asking suppliers to delay funds, sparking concern over the automaker’s future.

Contents
Nissan asks provider to delay funds to unencumber moneyElectrek’s Take

Nissan asks provider to delay funds to unencumber money

As a part of its restoration plan, Nissan introduced in Might that it plans to chop 20,000 jobs, or round 15% of its international workforce. It’s additionally closing a number of factories to unencumber money and scale back prices.

Based on a number of emails and firm paperwork (by way of Reuters), Nissan is working with its suppliers to delay funds.

“They might select to be paid instantly or go for a later fee,” Nissan mentioned. The corporate defined in a press release to Reuters that it had incentivized a few of its suppliers in Europe and the UK to just accept extra versatile fee phrases, at no further price.

Commercial – scroll for extra content material

The emails present that the transfer would unencumber money for the primary quarter (April to June), just like its request earlier than the tip of the monetary 12 months.

Nissan-delays-supplier-payments
The brand new Nissan LEAF (Supply: Nissan)

One worker mentioned in an e mail to co-workers that Nissan was asking suppliers “once more” to delay funds. The emails, seen by Reuters, had been exchanged between Nissan staff in Europe and the UK.

Nissan is taking fast motion as a part of its restoration plan, aiming to show issues round, the corporate mentioned in a press release.

Nissan-delays-supplier-payments
Nissan N7 electrical sedan (Supply: Dongfeng Nissan)

“Whereas we’re taking these actions, we intention for adequate liquidity to climate the prices of the turnaround actions and redeem bond maturities,” the corporate mentioned.

See also  Zeekr is set to make its South Korean debut by the end of 2025, launching two new models: Zeekr 007 and Zeekr X.

Nissan didn’t touch upon the interior discussions, however the emails did reveal it gave suppliers two choices. They might both delay funds at the next rate of interest, or HSBC would make the fee, and Nissan would repay the financial institution with curiosity.

Nissan-delays-supplier-payments
Nissan’s upcoming lineup for the US, together with the brand new LEAF EV and “Journey Targeted” SUV (Supply: Nissan)

The corporate had 2.2 trillion yen ($15.2 billion) in money and equivalents on the finish of March, but it surely has round 700 billion yen ($4.9 billion) in debt that’s due later this 12 months.

As a part of Re:Nissan, the Japanese automaker’s restoration plan, Nissan appears to be like to chop prices by 250 billion yen. By fiscal 12 months 2026, it plans to return to profitability.

Electrek’s Take

With an ageing car lineup and a wave of recent competitors from China, similar to BYD, Nissan is shortly falling behind.

Nissan is launching a number of new electrical and hybrid autos over the following few years, together with the next-gen LEAF, which is predicted to assist increase gross sales.

In China, the world’s largest EV market, Nissan’s first devoted electrical sedan, the N7, is off to a sizzling begin with over 20,000 orders in 50 days.

The N7 will play a job in Nissan’s restoration efforts because it plans to export it to abroad markets. It will likely be considered one of 9 new vitality autos, together with EVs and PHEVs, that Nissan plans to launch in China.

Can Nissan flip issues round? Or will it proceed falling behind the pack? Tell us your ideas within the feedback under.

You Might Also Like

Nissan is in crisis mode as job cuts begin and suppliers are caught in the crosshairs

BYD Seagull (Dolphin Surf) production tops 1 million units

SAIC to launch a full-size SUV IM LS9 developed with Alibaba

BYD is jealous of Xiaomi’s success — they offer YU7 rival with lower price and better specs, but no one cares

Xiaomi YU7 brake pads caught fire on track, company issues statement

TAGGED: Electric, Electric Car, Electric Vehicles, Nissan
TheFuture Automobile June 30, 2025 June 30, 2025
Share This Article
Facebook Twitter Copy Link
Previous Article BYD Seagull (Dolphin Surf) production tops 1 million units BYD Seagull (Dolphin Surf) production tops 1 million units
Next Article Nissan is in crisis mode as job cuts begin and suppliers are caught in the crosshairs Nissan is in crisis mode as job cuts begin and suppliers are caught in the crosshairs
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular News

2025 Suzuki GSX-R750 Preview | Motorcyclist
2025 Suzuki GSX-R750 Preview | Motorcyclist
Motor Cycle
Bold and New - The Harley-Davidson Softail Turns 40
Bold and New – The Harley-Davidson Softail Turns 40
Motor Cycle
K-Speed Diabolus custom Honda Dax 125
Hell Hound: K-Speed Dustbin Honda DAX 125
Motor Cycle
2025 Kawasaki KLX230R and KLX230RS Preview
2025 Kawasaki KLX230R and KLX230RS Preview
Motor Cycle
which electric scooter has the longest range?
Which Electric Scooter Has the Longest Range?
Scooters
O Canada! Canada may levy tariffs on Chinese EVs as EU set to announce reductions
O Canada! Canada may levy tariffs on Chinese EVs as EU set to announce reductions
Electric Cars

You Might Also Like

Nissan is in crisis mode as job cuts begin and suppliers are caught in the crosshairs

Nissan is in crisis mode as job cuts begin and suppliers are caught in the crosshairs

4 hours ago
BYD Seagull (Dolphin Surf) production tops 1 million units

BYD Seagull (Dolphin Surf) production tops 1 million units

12 hours ago
SAIC & Alibaba to launch a full-size SUV to rival Li Auto L9 – the IM LS9

SAIC to launch a full-size SUV IM LS9 developed with Alibaba

24 hours ago
BYD is jealous of Xiaomi's success — they offer YU7 rival with lower price and better specs, but no one cares

BYD is jealous of Xiaomi’s success — they offer YU7 rival with lower price and better specs, but no one cares

1 day ago
automobile
At The Future Automobile, we delve into the latest trends, innovations, and advancements that are shaping the future of transportation

Quick Links

  • Cars
  • Electric Cars
  • Hybrid Cars
  • Motor Cycle
  • E-Bikes
  • Scooters
  • Cars
  • Electric Cars
  • Hybrid Cars
  • Motor Cycle
  • E-Bikes
  • Scooters

Legal Pages

  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

Quick Links

Tesla protests gain momentum while the hate is spreading Tesla owners

Geely’s Zeekr unveils 7X SUV to compete with Tesla Model Y

Ford Mustang Mach-E is off to a hot start in 2025: Here’s how it stacks up against other top EVs

© 2024 All rights reserved | Powered by The Future Automobile
Welcome Back!

Sign in to your account

Lost your password?