business

Nissan to sell entire Daimler stake for $1.4 billion

30 Comments

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© 2021 AFP

©2021 GPlusMedia Inc.

30 Comments
Login to comment

Ghosn started in 2018 that Nissan will be bankrupt again by 2023.

wait and see!

6 ( +11 / -5 )

For the best. I think. It's better Nissan be confined to Japan.

2 ( +6 / -4 )

@boduka....hunh ????

what are you talking about started in 2018?

Ghosn brought Nissan out bankruptcy with the Skyline GTR and was man responsible for bringing Renault into involvement with Nissan. Guy was a national hero until he was thrown under the bus. You need to check your history...

-3 ( +5 / -8 )

@littlebear

I believe he meant STATED.

9 ( +9 / -0 )

Nissan is heading to another bankruptcy, and Ghosn is not gonna save them this time.

8 ( +11 / -3 )

Another clear sign that all is not well with nissan-renault........hardly surprising!

4 ( +7 / -3 )

Well, that buys another 2 days in delaying bankruptcy. Is it enough to pay the Nissan lawyers in the Ghosn persecution?

7 ( +9 / -2 )

This strengths my view the whole Ghosn thing was a setup by the old guard with it's closed minded thinking and unhappy with having non Japanese involvement in the company.

I expect we will see multiple bailouts by the government in the near future and possibly bankruptcy if the bill gets to high.

8 ( +10 / -2 )

No respect for a company such as Nissan.

8 ( +10 / -2 )

My shaken is due, and im in the market for a new car...but what Nissan did, still affects my choice to get it from the Nissan lineup, it really tarnished their reputation. They have to do some correction or crisis control or they will be history.

4 ( +6 / -2 )

I’m with you on that neux reux. The countless Bloomberg articles, the Kelly farce, collusion with the prosecutors, Saikawa getting back dated options and not reporting. And on top of that the options Saikawa got were “unreported” the same stuff Ghosn is accused of doing but nothing has happened to Saikawa. I’m sorry to say but xenophobia is alive and well here.

5 ( +6 / -1 )

LOL at the above comments. You know nothing about the car industry. Nissan is a great company. It is better off without Ghosn or his crooks.

-7 ( +3 / -10 )

"No respect for a company such as Nissan."

yeah right, but you love Boeing and other western companies right?

-6 ( +3 / -9 )

In March, Renault also announced the sale of its entire 1.54 percent stake in Daimler after the French automaker booked a record loss in 2020,

LOL, I guess someone forget to read the above. Renault needs Nissan. I look forward to seeing a Japanese boss in charge of Renault.

-6 ( +3 / -9 )

My shaken is due, and im in the market for a new car...

Wouldn't touch a Nissan, made that mistake back home and thinking things would be different in Japan tried again, poor quality, poor service.

Went right back to Toyota, got rid of the Nissan within a year.

There is a reason they are in trouble and much of it is because the management is not good and that leads to poor quality products.

2 ( +5 / -3 )

LOL, I guess someone forget to read the above. Renault needs Nissan. I look forward to seeing a Japanese boss in charge of Renault.

I grew up with Renault with family and friends owning many,

Never thought they were good or good quality.

But then neither were or are Nissan Cars.

Given the choice I would take a skateboard first followed by Renault then Nissan an I can't even skateboard.

If they both disappeared it really wouldn't be much of a loss except for the poor workers that would lose their jobs.

1 ( +4 / -3 )

This strengths my view the whole Ghosn thing was a setup by the old guard with it's closed minded thinking and unhappy with having non Japanese involvement in the company.

Really? Then when are we going to start seeing arrests of Taiwanese executives in Japan since FOXCONN owns 65% of SHARP? Someone has been reading too many John Grisham novels.

-4 ( +1 / -5 )

If Nissan is ever saved from bankruptcy, then it is always the Japanese government footing the bills. The Japanese taxpayers pay the bills.

Really? Then when are we going to start seeing arrests of Taiwanese executives in Japan since FOXCONN owns 65% of SHARP? Someone has been reading too many John Grisham novels.

There is an Asian favoritism bias in the Japanese bureaucratic world - mostly towards Taiwan. Taiwan is a critical ally of Japan, so Japanese bureaucrats let it slide because it is far more disastrous to see a weak and poor Taiwan being vulnerable for the absorption under the hands of the CCP.

If any Taiwanese firm wants to buy a Japanese core business tomorrow, Japanese bureaucracy will allow it.

0 ( +1 / -1 )

There is an Asian favoritism bias in the Japanese bureaucratic world - mostly towards Taiwan.

So this is the EXACT reason why Taiwanese executives controlling SHARP are not getting arrested? But biases could reverse and they could be arrested anytime. I would be nervous about that and consider my escape plan from Japan if I were one of them. But is that the same thing with Chinese companies? Because Lenovo has control over NEC PC business.

under the hands of the CCP.

hmmmm. Again, NEC/Lenovo? Come again?

-4 ( +0 / -4 )

Ghosn's leadership rescued Nissan from certain demise. Nissan's vehicles (except for the GTR, Z) were quite pathetic at best. Then there was a massive transition and some rather good models were produced. Even now, many of the models are still quite good, but in the future I'm not likely to buy another one. For me, it'll be a diesel powered vehicle by one of the European makers most likely.

Selling their share of Daimler is just to shuffle the debt.

0 ( +2 / -2 )

Another 10 years and who will be looking back at electronic fuel injection.

-1 ( +0 / -1 )

https://www.goodcarbadcar.net/2021-us-vehicle-sales-figures-by-brand/

US Auto Sales in April 2021, Asian Brands

1) Toyota/Lexus : 224,386

2) Hyundai/Kia/Genesis : 160,676

3) Honda : 148,538

4) Nissan/Infiniti : 102,800

5) Subaru : 65,726

6) Mazda : 31,991

7) Mitsubishi : 10,163

2 ( +2 / -0 )

Sorry, 3) Honda figure incluses Acura.

1 ( +1 / -0 )

@Samit Basu

man, Mazda's are underrated asf. Love Mazda cars. They've been killing it in recent years in fun to drive experience, design and reliability.

-2 ( +0 / -2 )

Nissan has had it. I wouldn't want to put any money into them, they're blatantly corrupt, and the sad thing is, they will bring down the entire Japanese Government / Society with them, as they have done so far todate.

No one trusts the Japanese Judiciary these days....

1 ( +2 / -1 )

@mmwkdw sorry to burst your bubble but Japan's judiciary is ranked equally with USA and is far better than judiciary of countries like France, Germany, Japan Judiciary is not as bad as you think. In-fact far from it. Sure it isn't perfect but it's not bad at all.

-3 ( +0 / -3 )

Remove Renault cross shareholding and then Nissan will rise again.

-2 ( +0 / -2 )

Everyone remembers Nissan for what they are.

0 ( +1 / -1 )

Ghosn started in 2018 that Nissan will be bankrupt again by 2023.

wait and see!

Good riddance!

-1 ( +0 / -1 )

https://www.goodcarbadcar.net/2021-us-vehicle-sales-figures-by-brand/

US Auto Sales in April 2021, Asian Brands

1) Toyota/Lexus : 224,386

2) Hyundai/Kia/Genesis : 160,676

3) Honda : 148,538

4) Nissan/Infiniti : 102,800

5) Subaru : 65,726

6) Mazda : 31,991

7) Mitsubishi : 10,163

If China never gets troubled by American dealership systems as well as national security excuses, most of the American cars would easily be Chinese by now.

Hyundai and Kia are pretty impressive.

@mmwkdw sorry to burst your bubble but Japan's judiciary is ranked equally with USA and is far better than judiciary of countries like France, Germany, Japan Judiciary is not as bad as you think. In-fact far from it. Sure it isn't perfect but it's not bad at all.

From your speech, it's clearly that you're never in the US.

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites