Troubled Japanese automaker Nissan said Thursday it was selling its headquarters building in Yokohama, southwest of Tokyo , for 97 billion yen ($630 million), as part of its revival efforts. Nissan Motor Co. will lease the building and continue to use it as its headquarters, while recording 73.9 billion yen ($480 million) as gains from the sale to Tokyo-based real estate operator MJI Godo Kaisha, it said in a statement.

The funds will be used to modernize internal systems at its headquarters and accelerate digital modernization and the rollout of AI-driven systems, according to Nissan, which makes the March subcompact and Infiniti luxury models. MJI Godo is a special purpose trust owned by the Minth Group, a major auto parts maker whose shares are listed in Hong Kong. The cost of the

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