Nissan Motor Co., Ltd. NSANY plans to reduce its ownership stake in its long-standing French partner Renault SA RNLSY to allocate more resources toward the development of new vehicles. Per Nikkei, ...

Nissan Motor plans to reduce its stake in French automaker Renault from 15% to 10%, according to CEO Ivan Espinosa.

Nissan Motor Co. is set to reduce its stake in French automaker Renault, a move that could generate approximately JPY100 billion (US$692.29 million) if the company sells 5% of its Renault shares, ...