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    QONEQT in News

    10-Oct-2022 10:38 AM


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    Renault and Nissan confirm talks over alliance future By Reuters

    The logos of car manufacturers Nissan and Renault are pictured at a dealership Kyiv, Ukraine June 25, 2020.

    Renault and Nissan declined to comment on this.
    Renault owns about 43% of Nissan, which in turn owns 15% of its French ally.

    The stake sale - which at current market prices would be worth $3.8 billion - would not affect their business alliance and Nissan may need to raise funds to buy the shares back from Renault, the source added.

    Renault CEO Luca De Meo was in Japan over the weekend, officially for the Formula One Grand Prix.

    The source said Mitsubishi, another partner in the alliance between Renault and Nissan, was also considering taking a single-digit percent stake in Renault's EV unit.
    Source: Investing.com
    #Renault #Nissan