Nissan to Sell Entire Daimler Stake for $1.4 Billion

Nissan on Wednesday announced the sale of its entire 1.54 percent stake in German auto giant Daimler for around 1.15 billion euros ($1.4 billion), following a similar move by its French partner Renault.

The Japanese automaker has been trying to become profitable again and recover from the reputational damage caused by the departure of its now-fugitive former leader Carlos Ghosn.

Nissan, which has maintained its partnership with Renault and Mitsubishi, will announce annual results next week.