Nissan’s stock falls on 6%when Mercedes-Benz plans to reset their share

Nissan Engine The shares collapsed on Tuesday after Mercedes-Benz announced plans to unload their 3.8% into the Japanese automaker.

In Tokyo, Nissan shares fell to 6.7% before breaking some losses to trade 6% below.

Mercedes-Benz retirement trust will deprive its share worth approximately $ 346 in Nissan Motor, The press secretary of the company said on Monday.

The press secretary added that Nissan Holdings, which were transferred to retirement assets in 2016, were not strategically significant, justifying the sale of the remaining 3.8% of the shares within the portfolio. The Nissan Stake is 2.7% of the company’s total stock, and the Diamler truck is almost 93%.

Mercedes-Benz-Druga Nissan Nissan after Renault-35.7% stock-showed LSEG data.

This step causes further tension to the Japanese automaker’s stock, which is pressured by US tariffs, reducing sales and transition to electric cars against a steep global competition, in particular from Chinese competitors.

At the end of last year, the firm joined short -term discussions with Honda about a possible partnership that would form the third largest manufacturer in the worldBut negotiations fell apart in February.

In May Company announced Plans reduce 11,000 jobs and close seven plants. Nissan In June, CEO Ivan Espinosa stated that the company short -term focus The fight against the carmaker was recorded as it is subjected to serious restructuring.

In July, American tariffs on automatic reduction up to 15% Of previously announced 25% in some relief for Japanese automakers, including Nissan. The initial tariff by 25% was halved to 12.5% ​​before adding 2.5% of the “most supportive nation” basic tariff, making a total amount of up to 15%.

Nissan’s shares decreased by more than 29%this year.