Nissan seeks financing to stay afloat

Nissan is considering raising more than 1 trillion yen ($7 billion) by selling debt and assets, including issuing convertible securities and bonds worth up to 630 billion yen and obtaining a 1 billion pound ($1.35 billion) syndicated loan guaranteed by Britain's Export Finance Corp. In addition, Nissan plans to sell part of its stake in Renault and open a new company in battery maker AESC Group, as well as factories in South Africa and Mexico.