After two years of faltering sales and fallout from the 2018 arrest of then-Chairman Carlos Ghosn, Nissan Motor Co.’s newly installed management is at another crossroads: how to get Japan’s second-largest automaker out of a rut and beyond the shadow of the disgraced executive who drove its strategy for decades.

It’s a tall order, particularly considering Nissan’s hefty pile of debt, around ¥8.3 trillion ($80 billion) — double what it had 10 years ago — lackluster showing in Europe, and U.K. factory supply chain woes.

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