According to Nissan, a stake in Renault was reducing and promoting financing the new product

Nissan Motor is said to be planning to reduce her share in her French partner Renault for more in the development of new vehicles.

In an interview with Nikki, CEO of Nissan Evan Espinoza confirmed that the cooperation of the Japanese auto industry with Renault will remain strong, despite the decrease in capital and and and the colossal.

The car giants, who have maintained a partnership for more than two decades, recently amended the Alliance Agreement according to what they could reduce the percentage of participation required from 15 % to 10 % with the aim of strengthening the “flexibility of each party”.

The sale of a 5 % stake in Renault can generate approximately 100 billion yuan ($ 640 million) at the current market prices of Nissan, as reported Reuters.

According to LSEG data, Nissan currently has a 15 % stake in Renault.

Meanwhile, Renault’s share in April, which was held in a French fund, has been gradually reduced since 2023, after a comprehensive reform of their alliance to ensure balanced royal rights between the two companies.

“If the sale of shares is implemented in the future, it is expected that the revenues will be allocated primarily to investments in the development of products. However, no final decisions are made at this stage,” and he replied that the company.

After taking office in April, Espinoza developed a new business strategy called “Re: Nissan”.

The plan aims to reduce 20,000 jobs and reduce the number of car assembly factories around the world from 17 to 10 by March 2028.

This decision came in response to a net loss of 670.8 billion years ($ 4.6 billion) for the fiscal year ending in March 2025.

It was also reported recently that Nissan Motor Plans to secure up to JPY1TN ($ 7 billion) through new companies ’bonds and asset sales because they face bond recovery and restructuring expenses.

Meanwhile, Luka de Miu, CEO of Renault, announced his decision to step down from his post after the group headed for five years.

His departure will be effective from July 15 and until then will continue to perform his duties.

The Board of Directors began the process of appointing a new executive director.

According to Nissan, a stake in Renault and enhancing the financing of the new product, “was originally created and published by Only carsThe brand owned by Globaldata.

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