Nissan Motor Co., facing its first loss in nine years, plans to tap European capital markets, win government loans and sell real estate to maintain the cash it has on hand.
The company is "completely focused on cash," Chief Financial Officer Alain Dassas said in a recent interview in Tokyo. "We've been burning cash in the first nine months."
Nissan must repay ¥757 billion in bonds and loans maturing this year, according to its latest balance sheet. Car demand in the U.S. and Japan, the Tokyo-based company's two largest markets, is plummeting amid the worst global economic crisis since the Great Depression.