Nissan to sell South Africa plant to China's Chery

Core Viewpoint - Nissan Motor, facing financial difficulties, has decided to sell its manufacturing assets in Rosslyn, South Africa, to Chery Automobile of China for an undisclosed amount [1] Company Summary - Nissan Motor is currently cash-strapped, indicating financial challenges that may affect its operations and strategic decisions [1] - The sale of manufacturing assets suggests a strategic move to streamline operations and possibly raise capital [1] Industry Summary - The transaction highlights the increasing involvement of Chinese automotive companies, such as Chery Automobile, in global markets, particularly in regions like Africa [1] - This sale may reflect broader trends in the automotive industry where companies are reassessing their manufacturing footprints in response to financial pressures [1]