Mexican Media Brands
Renault Trims Stake in Nissan to 42%
Renault SA has lowered its holding in Nissan Motor Co. to 42.4% from 43.4%, according to a regulatory filing with Japan’s finance ministry, Bloomberg News reports.
#regulations #economics
Share
Renault SA has lowered its holding in Nissan Motor Co. to 42.4% from 43.4%, according to a regulatory filing with Japan’s finance ministry, Bloomberg News reports.
The filing does not explain why Renault sold off a portion of its stake. Nissan’s equity in Renault remains at 15%. The companies formed their highly successful cross-shareholding alliance in March 1999.
RELATED CONTENT
-
Daimler Cleared to Test Advanced Robotic Cars on Beijing Roads
Daimler AG has become the first foreign carmaker to win permission to test advanced self-driving vehicles on public roads in Beijing.
-
Dubai to Test Digital License Plates
Next month Dubai will begin testing digital license plates that can display various messages, make payments and conduct other transactions.
-
Self-Driving Chevy Bolt Ticketed for Driving Too Close to Pedestrian
Police in San Francisco ticketed the backup driver in a self-driving Chevrolet Bolt for allowing the car to drive too close to a pedestrian in a crosswalk in San Francisco.