France's Renault has cut its stake in Nissan to 15% from about 43% by placing 28.4% of the Japanese automaker in a French trust, the alliance partners said in a statement, putting them on equal footing of cross-ownership.

Also:

The new agreement for the restructured alliance between Renault, Nissan and junior partner Mitsubishi Motors came into effect on Wednesday

Mitsubishi has separately committed to invest up to 200 million euros in the unit, which Renault hopes to list on the market through an initial public offering by next spring.

  • @psycho_driverEnglish
    1•1 year ago

    Good riddance. Maybe Nissan can bounce back from the reputation hit they took while Renault had too much control.