Why Is Nissan in Such Financial Trouble and Can It Stage a Comeback?

Since the dramatic downfall of its “Cost Killer” Chairman Carlos Ghosn in 2018, Japan’s Nissan Motor Co. has labored under an aging model lineup, poor cash flow and management turmoil.

For months the carmaker has been holding out for a financial savior and, despite high hopes earlier in 2025 of joining forces with Honda Motor Co., prospects for a deal fell apart — leaving its future up in the air.