Published by Global Banking & Finance Review®
Posted on June 16, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleNissan aims to sell a 5% stake in Renault, raising $640 million for vehicle development, as CEO Espinosa announces plans amid tough market conditions.
(Correct paragraph 2 to clarify that 5% is not the entire stake that Nissan owns in Renault)
TOKYO (Reuters) - Nissan Motor CEO Ivan Espinosa said that the company plans to reduce the automaker's stake in French partner Renault, the Nikkei business newspaper reported on Monday.
Selling a 5% stake in Renault would raise about 100 billion yen ($640 million) at current share prices, funds Nissan plans to use for new vehicle development amid challenging business conditions, the report said.
(Reporting by Kaori Kaneko and Satoshi Sugiyama; Editing by Kim Coghill)
Nissan plans to sell a 5% stake in Renault.
Selling a 5% stake in Renault would raise about 100 billion yen, equivalent to $640 million at current share prices.
Nissan plans to use the funds raised from the stake sale for new vehicle development amid challenging business conditions.
The Nikkei business newspaper reported on Nissan's plans to reduce its stake in Renault.
The CEO of Nissan Motor is Ivan Espinosa.
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