Automotive giant unable to make payments: Going door to door asking for days

Nissan, which has been on the agenda recently with its financial difficulties , has now become unable to pay its payments .

Struggling Nissan Motor is offering some suppliers to let it defer payments to free up short - term funds as it tries to shore up its cash reserves .

Ivan Espinosa, who took over as Nissan CEO in April , aims to make 500 billion yen ($3.4 billion) in cost savings over the next two years by reducing the global workforce by 15 percent and closing seven factories .

Nissan has asked some suppliers in Britain and the European Union to accept deferrals on their payments, according to company correspondence seen by Reuters and a knowledgeable source .