Motor Co. Ltd. reportedly is requesting more loans from the Japanese government.
The No.3 auto maker is asking for ¥100 billion ($1 billion) in emergency funding from the government-run Development Bank of Japan, says the Nikkei Japanese business daily.
Japan established a lending program last December to aid distressed companies, andalready has a ¥50 billion ($506 million) loan from the bank.
The auto maker plans to use the new funding to roll over a portion of its debt, Reuters says.
Nissan is not the only Japanese auto maker to seek government funding but has been one of the most aggressive.
In the U.S., Nissan’s American arm applied for a Department of Energy loan late last year and in February was told it had made it through the first step of the process.
The DOE is offering $25 billion to auto makers that intend to build fuel-efficient vehicles in the U.S.