Nissan is searching for an anchor investor to help it survive a make-or-break year as longtime partner Renault sells down its holding in the crisis-hit Japanese carmaker.
Two people with knowledge of the talks said Nissan was seeking a long-term, steady shareholder such as a bank or insurance group to replace some of Renault’s equity holding, as Nissan finalises the terms of its new electric vehicle partnership with arch-rival Honda.
“We have 12 or 14 months to survive,” said a senior official close to Nissan.
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