Categories: News

After Renault, Nissan also sells its stake in Daimler

A few weeks after Renault, its Alliance partner, Nissan, in financial difficulty, in turn announced the sale of its 1.54% stake in the German group Daimler (Mercedes).

Nissan’s turn. The Japanese manufacturer has just announced the sale for around 1.15 billion euros of its stake 1.54% in Daimler (Mercedes).

Nissan follows Renault’s example

Two months ago, in mid-March, it was its Alliance partner, Renault, which had taken such a decision by selling its shares in the German automobile group in order to ” accelerate the deleveraging of its automotive division“. As with Nissan, this represented 16,448,378 shares, i.e. 1.54% of Daimler’s capital.

A need for liquidity

Nissan, which seeks to become profitable again and to turn the page on the scandals of the Carlos Ghosn era, intends to devote the proceeds of this sale to ” strengthen and develop its competitiveness, in particular through investments to promote electrification“, Said the Japanese in a press release.

The Japanese manufacturer plans a net loss of 530 billion yen, or about 4 billion euros, for its 2020-2021 fiscal year ended at the end of March, the final results of which it must announce next week.

Industrial cooperation with Daimler continues

Despite this capitalist withdrawal from Daimler, however, Nissan has assured that it would continue its industrial cooperation with the German giant.

Source: AFP

Read also:

Recent Posts

Which models to replace your old diesel?

Today, diesel cars are no longer popular. Here's how to replace your old diesel with…

38 mins ago

Mercedes-Benz: big cleaning in sight in the range

Mercedes-Benz, one of the last automakers to still offer an extensive range (coupes, convertibles, station…

2 hours ago

Motorways: what if they were renationalised?

While the question of the nationalization of highways is back on the table, this would…

2 hours ago

Mazda absolutely does not believe in large batteries for electric cars

Mazda executives say big batteries are not at all suitable for electric cars. We explain…

3 hours ago

Second-hand Dacia: is it really good business?

Second-hand Dacias are found in spades on the second-hand market. But are they really more…

3 hours ago

BYD Seagull: the mini electric city car soon in Europe?

While the BYD range in Europe is confined to SUVs and sedans, the manufacturer could…

4 hours ago

Afford a coupe SUV: a reasonable whim?

The coupe SUV is the hottest body style right now: it combines an SUV with…

5 hours ago

This website uses cookies.