Nissan Motor shares tumbled on Tuesday after Mercedes-Benz announced plans to offload its 3.8% holding in the Japanese automaker. Mercedes-Benz is Nissan's second-largest shareholder after Renault, LSEG data showed.
Shares in struggling Japanese automaker Nissan Motor plunged 6.5% on Tuesday morning after its second-largest shareholder, Mercedes-Benz , said it would sell its 3.8% stake on Monday.
Mercedez-Benz's Pension Trust will sell around $346 million worth of shares it holds in beleaguered Japanese automaker Nissan Motor , a term sheet showed.
Jeremie Papin, CFO of Nissan, explains the automaker's China strategy: relying on local tech & expertise, export opportunities, and becoming a market Nissan 'can play to win'.
Japanese automaker Nissan sank into a 115.8 billion yen ($782 million) loss for April-June, but promised Wednesday to return to profitability later this year.Nissan Motor Corp. did not give a full year net profit forecast. It recorded a 28.6 billion yen profit during the April-June quarter last year.Quarterly sales for the current fiscal year slipped nearly 10% to 2.7 trillion yen ($18 billion).The maker of the Leaf electric car and Infiniti luxury models said the results were better than expected.But it faces “headwinds,” including declining sales, unfavorable exchange rates and President Donald Trump's tariffs.Ivan Espinosa, who took the helm at Nissan in April replacing Makoto Uchida, said the company's recovery plan remained urgent.
Nissan Motor Co., Ltd. (OTCPK:NSANY) Q1 FY2025 Earnings Call July 30, 2025 6:00 AM ET Company Participants Ivan Espinosa - President and Chief Executive Officer Jeremie Papin - Chief Financial Officer Krell - Vice President of Investor Relations Conference Call Participants Akira Kishimoto - JPMorgan Chase & Co Eiji Hakomori - Daiwa Securities Co. Ltd.
Japanese automaker Nissan said on Wednesday that the company would stop production at its Civac plant in Mexico by March 2026 as part of its global restructuring plan.
The National Highway Traffic Safety Administration said on Monday that it is closing a preliminary evaluation into 454,840 Nissan vehicles over engine failure after the Japanese automaker issued a recall in June.
NSANY halts U.S. production of three models for Canada as tariffs make cross-border exports economically unviable.
Japan's Nissan Motor has raised $4.52 billion in U.S. dollar- and euro-denominated senior unsecured bonds, according to a term sheet reviewed by Reuters on Friday, with the proceeds intended to refinance existing debt.
Nissan Motor is suspending production of three vehicle models for Canada at its Tennessee and Mississippi plants amid mutual auto tariffs between the U.S. and Canada, the Nikkei reported on Wednesday.
Japan's Nissan Motor is eyeing $4 billion worth of dollar and euro senior unsecured bond issuances, according to term sheet reviewed by Reuters.