The Financial Times, citing insider sources, has now reported that Nissan is seeking an anchor investor to help the automaker survive a make-or-break period over the next year. “We have 12 or 14 months to survive,” a senior official close to Nissan was quoted as saying in the FT report published on Tuesday.

Nissan is searching for an anchor investor to help it survive a make-or-break year as longtime partner Renault sells down its holding in the crisis-hit Japanese carmaker. Two people with knowledge of the talks said Nissan was seeking a long-term,

As all of this is taking place, Renault is selling Nissan shares. It owned up to 46 percent of the Japanese brand for a time. Now, it’s below 40 percent and will continue to fall. At the same time, Honda is finalizing a deal with Nissan to co-develop electric vehicles.

Nissan is facing a rough patch with a leading executive announcing they need to find a new investor or they won't survive.

Bosses at automotive giant Nissan have warned the company has '12-14 months' to survive unless a new investor is found, new reports suggest. Amid a sales slump, Nissan recently announced plans to shed 9,