US EditionNissan plans to reduce stake in Renault, CEO Espinosa tells Nikkei
- Nissan plans to reduce its stake in Renault from 15% to 10%, as confirmed by CEO Ivan Espinosa in a Nikkei interview.
- Selling a 5% stake could generate approximately 100 billion yen, which Nissan intends to use for vehicle development.
- Renault's CEO, Luca de Meo, is leaving the company to pursue a new role outside the auto industry.
- This reduction marks a significant change in the long-term partnership between Nissan and Renault that has lasted over two decades.
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PressNewsAgencyNissan plans to reduce stake in Renault, CEO Espinosa tells Nikkei
Ivan Espinosa, CEO of Nissan Motor, has announced an important strategic movement for the Japanese firm. Nissan plans to sell its 5% stake in its French partner Renault. According to the original report, this decision could generate about 100 billion yen, equivalent to approximately 640 million dollars.This change reflects an adjustment in the Franco-Japanese alliance that has been key in the automotive world.Destination of fundsThe revenues of …
Japanese carmaker Nissan Motor plans to reduce its stake in French partner Renault.
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