Nissan Enters New Era of Turmoil as Effissimo Takes Stake.

Nissan Motor Co. is facing turmoil as Effissimo Capital Management Pte, an influential activist investor in Japan, has taken a stake in the company following a decline in profit and sales. CEO Makoto Uchida's turnaround plans, including adding 27 new electrified vehicles by 2030, are being closely watched. Effissimo's involvement raises questions about governance and minority shareholder rights at Nissan, as the company struggles to compete in the global market due to an outdated lineup and lack of hybrids. The future of Nissan remains uncertain as it aims to cut costs, eliminate jobs, and increase sales amidst fierce competition. [Extracted from the article]