Renault slashes Nissan stake as the automakers overhaul their decades-long alliance
Publishing timestamp: 2023-01-30 03:24:59
Summary
Renault and Nissan have agreed to restructure their decades-long alliance, which includes Renault transferring 28.4% of Nissan shares into a French trust. Nissan will also invest in Renault's electric vehicle arm, and the two companies will embark on projects in Latin America, India, and Europe. Renault has also entered into a long-term strategic cooperation with Qualcomm.
Sentiment: NEUTRAL
Tickers: QCOM, 8058.T-JP, 175-HK, 7201.T-JP, RNO-FR, NISE-FF,
Keywords: mitsubishi corp, nissan motor co ltd, autos, renault sa, geely automobile holdings ltd, business news, qualcomm inc,