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Nissan to reduce stake in Renault for vehicle development and restructuring

Chiang, Jen-Chieh, Taipei; Jingyue Hsiao, DIGITIMES Asia 0

Credit: AFP

Nissan Motor Co. is set to reduce its stake in French automaker Renault, a move that could generate approximately JPY100 billion (US$692.29 million) if the company sells 5% of its Renault shares, according to Nissan President Ivan Espinosa. The funds...

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