Nissan followed Renault’s lead and sold its stake in Daimler AG.
Bloomberg, which reported the news, writes that the Japanese automaker was forced to take such a step by the dire state of affairs, which was exacerbated after the arrest of former alliance leader Carlos Ghosn in 2018.
Nissan sold 16.4 million shares at € 69.85 each, earning more than € 1.15 billion. Nissan said that the proceeds from the sale of Daimler’s stake will be used to “strengthen the business, improve its competitiveness, including by increasing investment flows in the electrification of the model range.” It is also noted that the deal will not affect the industrial partnership between Nissan and the German concern.
Recall that Daimler took the Nissan Navara model as a basis for the Mercedes-Benz X-Class pickup, the Germans also equip their models with a compact 1.3-liter turbo engine, which is installed, among other things, on the Russian Renault Arkana, Kaptur and the new Duster.