17 Votes

Boost it!

Nissan may ask for bailout

Porschinator submitted on 2/5/2009 Official Bell & Ross Timestamp: 8:48:58 PM

21 user comments | Category: Misc News | Source: | SOURCE: www.marketwatch.com

HONG KONG (MarketWatch) -- Japanese automaker Nissan Motor Co.

is considering seeking financial assistance from the government amid a global sales decline, according to a published report Friday. Nissan has a lot of cash on hand, but is trying to secure its financial base by diversifying funding options, the Nikkei reported. The assistance could be in the form of 50 billion yen ($556 million) in low-cost funds raised from the state-backed Development Bank of Japan, it added. Nissan is also mulling tapping another government aid program run by Japan Bank for International Cooperation, which was founded to help Japanese firms with operations outside the country. Nissan shares gained 1.1% in Tokyo.

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Porschinator

I DRIVE there for I AM

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User Comments

downtoearth

And there is no more ChuckG37 to comment on that...

— downtoearth (View Profile)

Posted on 2/5/2009 10:18:36 PM | reply to this comment | Votes: 2   

0to60

was he banned? Is today my lucky day!?!

— 0to60 (View Profile)

Posted on 2/5/2009 10:24:07 PM | | Votes: 6   

downtoearth

Apparently he was and, more importantly, all his posts disappeared :) Suddenly all of Lexus cars feel better :) It looks like his massive effort and commitment, passion and consistency, all the sweat he broke to bash anything from this manufacturer has just been sent down the shitter by some supernatural Autospies forces :D Feel the power of 001! That must have been a hard hit for the ego which will hinder his resurrection. Even my dog felt this morning something good has happened, wagging his tail :) I'll miss Charles, however :P

— downtoearth (View Profile)

Posted on 2/6/2009 12:08:03 AM | | Votes: 4   

Kthorn

Wow, I take off for two days, come back and Chunky's gone? The mods on this site are pretty fair, he must have really disrespected someone to get banned. Oh well, RIP chuckG37.

— Kthorn (View Profile)

Posted on 2/6/2009 1:22:22 AM | | Votes: 4   

0to60

Chucky will probably just log into one of his other screen names and continue to post. I believe he had three.

— 0to60 (View Profile)

Posted on 2/6/2009 9:06:52 AM | | Votes: 2   

_43LE

I believe that ChuckG37 was posing as an Infiniti fan that bashed Lexus, his true allegiance unknown.

— _43LE (View Profile)

Posted on 2/6/2009 9:52:22 AM | | Votes: 1   

3pointstar

I think he did bad in school and now his Mom won't allow him to use the internet for a few days.

— 3pointstar (View Profile)

Posted on 2/6/2009 4:28:01 AM | reply to this comment | Votes: 1   

0to60

Can this guy be next????

— 0to60 (View Profile)

Posted on 2/6/2009 9:05:48 AM | reply to this comment | Votes: 6   

_43LE

One day Crappy will be gone and the rest of the rational thinking people will rejoice just like we are today with ChuckG37.

— _43LE (View Profile)

Posted on 2/6/2009 9:50:13 AM | reply to this comment | Votes: 5   

_43LE

Keep digging yourself deeper Crappy...BTW, using all caps does not make your point stand out any more. It only make you look like you're grasping at straws...Everybody knows that.

— _43LE (View Profile)

Posted on 2/6/2009 12:08:31 PM | reply to this comment | Votes: 0   

Kthorn

What's up Virt?

— Kthorn (View Profile)

Posted on 2/6/2009 11:02:15 AM | reply to this comment | Votes: -1   

222max

We should all be banned.

— 222max (View Profile)

Posted on 2/6/2009 10:14:12 AM | reply to this comment | Votes: 3   

vladyxa

This would not be bailout.

There is a difference between company needing money to survive (that would be bailout), and company basically just looking to get loans with low interest rate.

— vladyxa (View Profile)

Posted on 2/6/2009 12:19:10 PM | reply to this comment | Votes: 0   

PerformanceGuy

That is what I was thinking. There is a big difference here. Nissan has cash flow and wants low interest loans, very smart of them.

— PerformanceGuy (View Profile)

Posted on 2/6/2009 1:11:43 PM | | Votes: -1   

1UAW

No difference a loan is a loan.

— 1UAW (View Profile)

Posted on 2/8/2009 3:42:11 AM | | Votes: 2   

huu76

Since Nissan is half French, shouldn't half of any bailout come from Paris?
Since Nissan isn't in dire need of cash, I wonder if its legal to take a Tokyo bailout and pump it into Renault (eventhough they made moneyb but are laying people off)? Or maybe get some loot from Seoul because of Renault-Samsung.

— huu76 (View Profile)

Posted on 2/8/2009 2:48:08 AM | reply to this comment | Votes: 1   

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