Mercedes-Benz sells Nissan stake for $325 million, according to sources.
Mercedes-Benz Sells Nissan Stake: Mercedes-Benz has sold its entire 3.8% stake in Nissan Motor for approximately 47.83 billion yen ($324.65 million), leading to a significant drop in Nissan's stock price.
Impact on Nissan's Shares: Following the announcement, Nissan's shares fell over 6%, marking their largest single-day decline since early July, reflecting investor concerns about the company's recovery prospects amid declining sales and tariffs.
Partnership Changes: The sale comes after Nissan amended its partnership with Renault, reducing the required shareholding from 15% to 10%, indicating shifts in their long-standing relationship.
Nissan's Turnaround Efforts: New CEO Ivan Espinosa is implementing a turnaround plan aimed at restoring profitability, which includes cutting production capacity and reducing manufacturing sites by fiscal 2027.
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