Nissan going bankrupt. Luminar too.

Unless Nissan pulls a last-minute financially viable magic rabbit out of the hat, then the company is headed for bankruptcy within 12 to 14 months according to one senior Nissan official.

Now in the worst situation since Carlos Ghosn arrived in 1999 to save the near-bankrupt company, Nissan’s Head of Manufacturing, Hideyuki Sakamoto described major cost cutting moves that would see the firm cut $3 billion by drastically reducing its Mitsubishi share and cutting 9,000 from its global headcount of over 133,000 employees.