Renault Reaps €362 Million From Selling More of Its Nissan Stake
RENAULT SA NISSAN MOTOR CO LTD India Automotive Jean-Dominique Senard Chennai MITSUBISHI MOTORS CORP Luca de Meo HONDA MOTOR CO LTD Makoto Uchida industries markets business hyperdrive
Albertina Torsoli Sanjai P R
Renault SA and partner Nissan Motor Co. are taking more steps to recast their alliance with the French manufacturer further reducing its stake while pushing on with joint plans in India.
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Bloomberg.com
Renault SA and partner Nissan Motor Co. are taking more steps to recast their alliance with the French manufacturer further reducing its stake while pushing on with joint plans in India.

The maker of Megane E-Tech cars plans to offload around 2.5% of its holding in Nissan, expecting proceeds of as much as €362 million ($391 million) that may help with a goal of regaining its investment grade rating, Renault said Wednesday.