Japanese car maker Nissan has asked its suppliers if it will be OK for them to delay payments, so they can "free-up short term cash."
When one of Japan's largest automakers asks to delay paying its own suppliers, that's a gigantic financial red alert about the company's future.
Meanwhile, French carmaker Renault will report an extraordinary loss of about $11 billion on its stake in Nissan Motor in the first half, it said, writing down its years-long investment in the Japanese firm that is battling slumping sales.
