TOKYO -- Nissan Motor is seeking a credit line worth 500 billion yen ($4.6 billion) from Japanese banks, led by Mizuho Bank. The move is aimed at staving off funding problems for the Japanese automaker as vehicle sales plunge amid the new coronavirus outbreak.
Automobiles
Nissan seeks $4.6bn credit line to raise liquidity amid pandemic
Troubled carmaker looks to creditors, including Mizuho, for cash
Nissan, like other big automakers, is scrambling to raise cash as sales dry up due to the coronavirus pandemic. © Reuters
Read Next
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Automobiles
