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AUTOMOTIVE: Nissan (NSANY Baa3/BB+/BBB-): Overnight News

AUTOMOTIVE
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Negative for sentiment. Spreads are already in double-B territory.

  • Nikkei reported that Nissan’s reduced US output with continue through the end of March, longer than previously announced through year end.
  • The FT reported that Nissan is looking for a new anchor investor. The eye-catching quote in the article is “We have 12 or 14 months to survive,” attributed to a” senior official close to Nissan.”
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Negative for sentiment. Spreads are already in double-B territory.

  • Nikkei reported that Nissan’s reduced US output with continue through the end of March, longer than previously announced through year end.
  • The FT reported that Nissan is looking for a new anchor investor. The eye-catching quote in the article is “We have 12 or 14 months to survive,” attributed to a” senior official close to Nissan.”