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Nissan shares dropped over 6% in Tokyo after Mercedes-Benz’s pension fund, its second-largest shareholder, sold its entire 3.8% stake. The exit comes as Nissan struggles with deep losses—¥670.9bn (€3.91bn) for the last fiscal year and ¥115.8bn (€674mn) in the April–June quarter. The company has suspended financial guidance and launched a restructuring plan that includes cutting 20,000 jobs and shutting factories. Renault, Nissan’s long-time partner, remains its largest shareholder with around 43% ownership.
Tuesday, 26 August, 2025