Nissan intends to lower ownership in Renault
Nissan is set to trim its stake in Renault from 15% down to 10%, following a deal the two companies made earlier this year. By selling off that extra 5%, Nissan could pocket about $640 million—and plans to put that money straight into developing new cars. The move is all about giving Nissan more space to innovate and adapt in today's fast-changing auto world.
Renault also reducing its stake in Nissan
This isn't just about numbers—it's part of a bigger shakeup between the two automakers. Renault has also been quietly lowering its own stake in Nissan since last year, aiming for more independence on both sides. Plus, Renault's CEO Luca de Meo is leaving for a job outside the car industry, signaling even bigger changes ahead as both companies focus on their next chapter in car tech and design.