Major car manufacturer 'on the brink of collapse' as official claims company has 'just 12 months to survive'

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Major car manufacturer 'on the brink of collapse' as official claims company has 'just 12 months to survive'

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Car manufacturing giant Nissan could be on the brink of collapse with only 12 months to survive, it has been warned. The Japanese auto firm which employs 7,000 people in the UK and 17,000 in the US has embarked on a huge cost-cutting programme after suffering heavy losses. Nissan said last month it would axe 9,000 jobs and 20 per cent of its global manufacturing capacity, as it scrambles to reduce costs by $2.
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