November 12, 20240 Comments

Nissan shares jump more than 20% after activist Effissimo takes stake By Reuters

TOKYO (Reuters) – Nissan (OTC:) Motor shares jumped as much as 20.6% on Tuesday after a filing showed an entity related to activist investor Effissimo Capital Management had taken a stake in the struggling Japanese automaker. In a regulatory filing on Monday, Nissan listed Cayman Islands-registered ECM Master Fund as a shareholder with a 2.5%stake as of end-September. ECM Master Fund is affiliated with Effissimo, according to SEC filings. Source

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November 8, 20240 Comments

Nissan shares plunge over 10% after downbeat quarterly results, production-cut plans

The Nissan ARIYA on the EV test track at the New York International Auto Show on March 28, 2024.  Danielle DeVries | CNBC Shares of Japanese automaker Nissan tumbled as much as 10.12%, a day after the company posted downbeat quarterly results and said it would reduce global production capacity by 20%. Shares of the company — which also announced plans to cut staff by 9,000 — hit a four-year intraday low

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November 8, 20240 Comments

Nissan to lay off thousands of workers as sales drop

Nissan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and the US. The Japanese car making giant says it will cut 9,000 jobs around the world in a cost saving effort that will see its global production reduced by a fifth. Nissan did not immediately respond to a request from BBC News for details on where

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