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A grim reminder, if you needed one, that as bright as the economy’s future might look, the effects of Joe and Kamala’s economy are still very much being felt:

Things aren’t looking good at Nissan. Dealers are selling cars at a loss, production has slowed, and more recently, the company cut thousands of jobs and sold a third of its stake in Mitsubishi. But it all may have been too little too late.

A new report suggests that the automaker’s days are numbered. In an interview with the Financial Times, two unnamed Nissan executives said the company has ’12 to 14 months to survive.’

‘This is going to be tough. And in the end, we need Japan and the US to be generating cash,’ they said.

The company is “reportedly looking for a new long-term investor, such as a bank or large insurance group.”

Things have allegedly gotten so bad that the Japanese corporation “hasn’t ruled out the possibility of longtime rival Honda taking a majority stake in the company.”

In other words:

“Slow sales in the US and Japan” have reportedly been driving the company’s misfortunes. Data show sharp declines in U.S. sales relative to at least 2020:

In Q3, “Nissan’s operating profit dropped 85 percent in the third quarter, with the company earning a net loss of ¥9.3 billion,” which adds up to about $60.1 million at present exchange rates.

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