Mexican Media Brands
Nissan to Buy Back Shares
Nissan Motor Co. says in a regulatory filing it intends to spend as much as 400 billion yen ($3.5 billion) this year to buy back nearly 7% of its shares.
#regulations #economics
Share
Nissan Motor Co. says in a regulatory filing it intends to spend as much as 400 billion yen ($3.5 billion) this year to buy back nearly 7% of its shares.
The plan aims to bolster the company’s share price, which has tumbled 24% so far this year, according to Bloomberg News. Renault SA, which currently owns 43% of Nissan, has agreed to sell enough of its Nissan shares to maintain the same stake.
Nissan says it will conduct the buyback between now and Dec. 22.
RELATED CONTENT
-
U.S. in No Hurry to Regulate Autonomous Vehicles
The National Highway Traffic Safety Administration says the emerging technology involved in self-driving cars is too new to be tightly regulated.
-
California Moves Closer to Driverless Taxi Services
California’s public utilities commission has proposed regulations that would allow services to use driverless shuttles to pick up and deliver passengers.
-
Feds Probe Another Tesla Crash Involving Autopilot Feature
Federal investigators are looking into another crash involving a Tesla Model S electric sedan that was operating in semi-autonomous mode.