Nissan Plans to Take Up to 15% Stake in Renault's New EV Company
February 06 2023 - 3:51AM
Dow Jones News
By Kosaku Narioka
Nissan Motor Co. plans to invest for an up to 15% stake in
Renault SA's new electric-vehicle company, Ampere, the auto makers
said Monday as they formally announced the alliance's
reorganization.
The French-Japanese auto alliance said member Mitsubishi Motors
Corp. will also consider investing in Ampere.
The auto makers said that Renault will transfer 28.4% of Nissan
shares into a French trust, and that Nissan and Renault will retain
a 15% cross-shareholding.
The French auto maker said last Monday that it had agreed to
reduce its stake in Nissan to 15% from 43% currently, subject to
the approval of the two companies' boards.
Nissan holds a 15% stake in Renault.
The alliance's new initiatives include operational projects in
Latin America, India, Europe, they said Monday.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
February 06, 2023 03:36 ET (08:36 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Nissan Motor (PK) (USOTC:NSANY)
Historical Stock Chart
From Oct 2024 to Nov 2024
Nissan Motor (PK) (USOTC:NSANY)
Historical Stock Chart
From Nov 2023 to Nov 2024
