Nissan wants to sell its stake in Daimler. The shares have a combined value of approximately € 1.2 billion. Alliance partner Renault also sold all of its Daimler shares earlier.
Nissan wants to use the money for the further development of electric driving, an effort that the entire automotive sector stands for. Nissan is offering approximately 16.4 million Daimler shares for sale. Like Renault, Nissan is trying to improve its profitability. The Japanese company also wants to reorganize its portfolio. For similar reasons, Renault already sold more than € 1.1 billion worth of shares in Mercedes-Benz’s parent company in March. The German car manufacturer reportedly owns just under 9.2 million Renault shares.
Nissan and Renault started projects ten years ago in collaboration with Daimler. For example, the Mercedes-Benz Citan was introduced as the twin brother of the Renault Kangoo, but also the Mercedes-Benz X-Class based on the Nissan Navara. Mercedes-Benz also brought in engines from Renault for use in its own more compact models. The fruits of the collaboration were not undisputed. Mercedes scrapped the X-Class due to poor sales figures and the Citan did not really catch on. Furthermore, the planned collaboration for a factory in Mexico did not go as planned either.
Incidentally, there is at least one more important legacy of the collaboration: the again based on the Kangoo, brand new Citan and its luxury passenger version, the T-class. Both are also available electrically, with the T-class becoming the EQT.