PREVIEW

Nissan Seeks to Delay Supplier Payments to Boost Cash Flow Amid Financial Struggles. Nissan has asked suppliers to accept delayed payments to help free up short-term cash, according to company emails. New CEO Ivan Espinosa, who took over in April, plans to cut 15% of the global workforce and close seven plants to save $3.4 billion. Nissan reported a $4.5 billion net loss for the financial year ending in March and has not provided a forecast for the current year. The automaker’s request for delayed payments from suppliers in the UK and EU is aimed at improving cash flow for the April-June quarter. Nissan stated that suppliers could choose to be paid immediately or accept a later payment with interest to support free cash flow. The move follows similar requests made before the end of the last financial year, reflecting Nissan’s ongoing efforts to conserve cash. The company expects negative free cash flow of $3.8 billion this quarter, worse than last year’s performance during the same period. Nissan aims for positive free cash flow by its 2026 financial year, though it anticipates challenges in the upcoming first quarter.
Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT