Shares in Nissan Motor slumped around 6 per cent on Tuesday after its second-largest shareholder, Mercedes-Benz, said it would sell off its roughly $346 million shareholding – a 3.8 per cent stake – in the struggling Japanese automaker.
The slide in shares underlines investor scepticism over Nissan’s turnaround prospects as it battles tariffs and falling sales in its key markets, the U.S. and China, that saw it book a $535
