Japan's struggling Nissan is considering raising more than 1 trillion yen ($7 billion) from debt and asset sales which would include a syndicated loan guaranteed by the British government, Bloomberg News said on Wednesday.

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Nissan operates Britain’s largest automaking hub in Sunderland, and has committed to boost electric vehicle production at the facility with a £2 billion investment. The British government has hailed the project as a vote of confidence in the country’s automotive industry after years of uncertainty following Brexit.