Reported about 7 hours ago
Nissan's shares fell by approximately 6% following news that its second-largest shareholder, Mercedes-Benz, intends to sell its $346 million stake, amounting to 3.8% of the company. This decline reflects investor concerns about Nissan's ability to recover amid ongoing challenges such as tariffs and declining sales in critical markets, resulting in a $535 million loss in June. Despite efforts from new CEO Ivan Espinosa to restructure and restore profitability, the company's shares dropped further to 341 yen during midday trading.
Source: YAHOO