Nissan sold its Mercedes shares
After Renault, it's Nissan's turn to sell its Mercedes shares, and pocket 1.15 billion euros. The Japanese manufacturer needs this money for the development of electromobility.D...
01/04/2022
After Renault, it's Nissan's turn to sell its Mercedes shares, and pocket 1.15 billion euros. The Japanese manufacturer needs this money for the development of electromobility.
Clearly, the transition from the automotive industry to electric mobility is expensive, very expensive. Most large groups seek by all possible means to free up the budget to invest in order to convert their catalog. Battery manufacturing plant, development and design of specific platforms, modification of existing assembly lines, all this engulfs monstrous money.
While loans are very common in the industry, builders also need to find additional cash reserves. And at the Renault-Nissan alliance, this involves the sale of shares.
After Renault, Nissan is announcing the sale of 16.4 million Daimler shares for a total amount of 1.15 billion euros. This represents just over 1.5% of the total capital of the German giant.
Nissan ensures that this money will be used for the development of electric vehicles, but that the sale does not call into question the partnerships with the manufacturer from Stuttgart. Remember that Renault and Nissan collaborate with Mercedes on thermal engines, but also platforms (pick-up).