Nissan Shares Surge by Nearly 21%, Effissimo Capital Management Takes 2.5% of Stake Amid Restructuring Moves
Key Points Activist investor Effissimo Capital Management disclosed a 2.5% stake in Nissan, sparking optimism for the automaker. Nissan’s stock jumped nearly 21% in early trading Tuesday, closing 12.8% higher amid restructuring plans. Nissan plans to cut 9,000 jobs and reduce global manufacturing by 20% to address falling sales in key markets. Effissimo’s investment has rekindled hope among investors that Nissan can achieve a turnaround despite recent challenges. Nissan Motor Co. Ltd. (TYO: 7201) saw its shares surge by nearly...