Nissan Motor's stock price fell after its second-largest shareholder, Mercedes-Benz, sold $346 million worth of shares
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Nissan Motor's stock price fell 6.5% due to Mercedes-Benz's plan to sell $346 million worth of shares. Mercedes-Benz will sell its 3.8% stake, and investors are skeptical about Nissan's prospects for turning a profit. Nissan is facing tariff issues and a decline in sales in major markets, reporting a loss of $535 million in the last three months. Nissan's CEO announced a restructuring plan, aiming to reduce global production capacity from 3.5 million vehicles to 2.5 million vehicles
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