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Nissan shares fall 4% on report Renault exploring stake sale -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: The 2023 Nissan Pathfinder will be unveiled during the 2022 New York International Auto Show. It was held in Manhattan (New York City), U.S.A. on April 13, 2022. REUTERS/Brendan McDermid

TOKYO (Reuters – Shares in Nissan Motor Co Ltd (OTC) dropped 4% Monday morning, after a report about its largest shareholder. Renault SA (OTC-:) explores a potential sale of stakes.

Bloomberg reports that Renault (EPA) could consider reducing its stake in Nissan to help it separate its electric vehicle business.

Renault continues to push ahead with plans for a split of its electric and combustion engines businesses in an effort to compete with Tesla (NASDAQ) and Volkswagen ETR:

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