Renault cuts Nissan stake to 15% after transferring shares to trust
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. The new agreement for the restructured alliance between Renault, Nissan and junior partner Mitsubishi Motors came into … Read more