Nissan to sell entire Daimler stake for $1.4 billion

Sun Online Desk

5th May, 2021 03:33:27 PM printer

Nissan to sell entire Daimler stake for $1.4 billion

Nissan on Wednesday announced the sale of its entire 1.54 percent stake in German auto giant Daimler for around 1.15 billion euros ($1.4 billion), following a similar move by its French partner Renault.

The Japanese automaker has been trying to become profitable again and recover from the reputational damage caused by the departure of its now-fugitive former leader Carlos Ghosn.

Nissan, which has maintained its partnership with Renault and Mitsubishi, will announce annual results next week.

(AFP)


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