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Nissan's financial situation is dire. The company is the only major carmaker in the world with its debt rated as junk. Historical losses span several months, raising serious questions about its ability to pivot and remain competitive. According to Carlos Ghosn, the former Nissan-Renault boss, the current trajectory suggests a corporate slaughterhouse picture, where Nissan emerges as the unfortunate victim, at the mercy of Honda’s corporate dominance.