The company considers selling 5% of shares worth about $ 640 million. The funds received will go investment in the development of products.
Nissan General Director Ivan Espinos said the company plans to reduce its share of France partner Renault. Reuters reported that there was a reference to Japanese publication Nikkei.
In March, Nissan and Renault agreed to reduce the minimum part of each other by sharing from 15% to 10%. In accordance with this Agreement, any sale must be coordinated on the other side and gives the right refusal to priority.
The sale of 5% of Renault shares Nissan can bring about 100 billion yen (approximately $ 640 million at the current rate). The car manufacturer plans to direct these funds to generate new models against the background of a difficult market situation.
“We reduce the cross -owns of shares to invest in vehicles,” the Japanese edition Espinos quote.
Against the background of this news, it was learned that the general director of Renault Luke de Meo had left the company to start work outside the vehicle industry.
Nissan said their agreement with the cooperative with Renault remains strength. However, added that “if future shares are sold, the funds received will first of all going to invest in the development of products. However, so far, final decisions have not been made.”
The potential sale of shares is another step in gradually weakening more than one 20-year alliance between two automakers. At the same time, the Renault has continued to gradually reduce its part in Nissan, which has been in France’s confidence since 2023, after the reorganization of the alliance, which gave Nissan a great autonomy.
We will remind you, earlier that Nissan had been able to complete the financial person with losses on the record.
Nissan has appointed a new leadership
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.