Nissan declined to comment and Mercedes-Benz said it had no immediate comment beyond its prior statement. On Monday, a spokesperson for the German automaker had said the Nissan stake, which was transferred to its pension assets in 2016, was not of strategic importance and described the sale as cleaning out its portfolio. Nissan CEO Ivan Espinosa, who took over in April, has unveiled a turnaround plan to restore profitability, which includes measures such as cutting global production capacity to 2.5 million vehicles from 3.5 million and manufacturing sites to 10 from 17 by fiscal 2027. Late last month, Espinosa said Nissan was still in the early stages of recovery but that it was making progress on cost cuts. Nissan shares were trading at 342.5 yen at 0600 GMT, down 5.7 per cent, while the broader Nikkei was down 0.9 per cent. MENAFN27082025000049011007ID1109981523