Nissan Needs Rescuing Again and Is Running Out of Options (1)

Nissan Motor Co. is once again looking for a superhero.

Some 26 years ago, it was Renault SA and an aggressive, cost-cutting executive named Carlos Ghosn who pulled the Japanese carmaker back from the brink. Now, with Chief Executive Officer Makoto Uchida facing a possible boardroom coup and the company in financial free fall, there isn’t an obvious savior.

Nissan’s problems are mounting. It’s forecasting its third annual net loss in the last six years, sales are faltering in the US and China, and a looming debt wall in 2026 could force drastic action. Chinese automakers led by BYD Co. ...