TOKYO (Reuters) -Nissan Motor CEO Ivan Espinosa said the automaker plans to reduce its stake in French partner Renault, the Nikkei business newspaper reported on Monday.

Nissan Motor reportedly plans to trim its stake in French partner Renault in order to invest more in new vehicle development.

Nissan and Renault had said in March they had agreed to reduce their required minimum stake in each other to 10% from 15%.

Nissan Motor Co. is set to reduce its stake in French automaker Renault, a move that could generate approximately JPY100 billion (US$692.29 million) if the company sells 5% of its Renault shares ...

Nissan CEO Speaks Out About Renault Break-up Accusations Nikkei reported that Nissan plans to reduce its stake in Renault, however, CEO Ivan Espinosa says it’s not a sign that the two are ...

Renault anticipates a significant loss of about 9.5 billion euros on its Nissan Motor stake. This is due to a change in ...

Nissan Renault Partnership: Nissan plans to cut its stake in Renault from 15% to 10% as part of a strategic shift in their alliance, aiming to invest more in vehicle development and respond to ...

TOKYO :Nissan Motor CEO Ivan Espinosa said the automaker plans to reduce its stake in French partner Renault, the Nikkei business newspaper reported on Monday.Nissan and Renault had said in March ...