Nissan shares fell by 5%, the most in a month, on Monday after shareholder Renault said it could lower its stake in the Japanese carmaker as it pushes to separate its electric vehicle and combustion-engine businesses
, was rocked by the 2018 ouster of alliance founder Carlos Ghosn amid a financial scandal. They have since pledged to pool more resources.
In January they said they would work more closely together to make electric cars. They detailed a $26 billion investment plan for the next five years. But their unequal relationship has long been a source of friction in Japan. Renault owns 43.4% of Nissan, which in turn has a 15% non-voting stake in its shareholder. Renault bailed out Nissan two decades ago, but is now the smaller automaker by sales.Reporting by Satoshi Sugiyama and David Dolan; Editing by Bradley Perrett and Muralikumar AnantharamanSubscribe to our auto newsletter to get the latest news that are driving the global automotive industry.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2020 Nissan Sentra recalled over an improperly aimed headlightNissan is recalling 5,520 units of the 2020 Sentra equipped with LED headlights because the passenger-side light isn't correctly aimed.
Read more »
Nissan Previews Autonomous System With Clever Collision Avoidance, Teases New EV Crossover Too | CarscoopsNissan Previews Autonomous System With Clever Collision Avoidance, Teases New EV Crossover Too | Carscoops carscoops
Read more »
Nissan axes Datsun brand in emerging markets | AutocarNissan has confirmed it will stop producing cars under the Datsun name, just nine years after resurrecting the brand. It says it wants to focus on 'core models and segments that bring the most benefit to customers, dealer partners and the business'.
Read more »
Tame All 134 HP Of The Nissan Note Aura With Nismo's New Extended Spoilers | CarscoopsTame All 134 HP Of The Nissan Note Aura With Nismo's New Extended Spoilers | Carscoops carscoops ⬇️
Read more »
Report: Japanese Carmakers Toyota and Nissan Enter the Metaverse – Bitcoin NewsBy establishing a presence in the metaverse, the two carmakers join their European counterparts Volkswagen and Mercedes Benz in making use of the technology. nissanglobal toyota
Read more »