Global car giant Nissan is on the brink of collapse after longtime partner Renault revealed plans to sell off its interests in the Japanese carmaker.

Nissan Motor is looking for a long-term investor, such as a bank or insurance group, to help it replace some of Renault's diluted stakeholding, the Financial Times reported on Tuesday.

Nissan is searching for an anchor investor to help it survive a make-or-break year as longtime partner Renault sells down its holding in the crisis-hit Japanese carmaker. Two people with knowledge of the talks said Nissan was seeking a long-term,

Bosses at automotive giant Nissan have warned the company has '12-14 months' to survive unless a new investor is found, new reports suggest. Amid a sales slump, Nissan recently announced plans to shed 9,