Transportation
Nissan Shares Rise as CFO to Step Down During Challenging Period
- Stephen Ma is said to be leaving position at carmaker
- Nissan cutting costs to counter slide in sales, profit
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Nissan Motor Co. shares rose following news that Chief Financial Officer Stephen Ma is set to step down from his position, the latest executive to exit the carmaker during a challenging time.
The stock gained as much as 1% in early morning trading, though the shares are still down almost 35% this year.