Nissan Doesn’t Need a Savior to Get Back on Track, CEO Says

Nissan Motor Co.’s new chief executive officer, Ivan Espinosa, says his rescue plan for the ailing automaker can work even without the help of an outside partner.

The Japanese carmaker has sufficient capital — about ¥2.2 trillion ($15 billion) in cash on hand and more in lines of available credit — to last the next 12 to 18 months, Espinosa said during an interview with Bloomberg TV. That time frame is one-third to halfway through a recently outlined three-year turnaround effort.