Renault Sells Additional Nissan Stake for €362 Million

Renault SA has announced the sale of a second tranche of its remaining stake in Nissan Motor Co., with the potential to help the French carmaker regain an investment grade rating. The maker of Megane E-Tech cars plans to offload around 2.5% of its holding, expecting proceeds of as much as €362 million ($391 million) for Renault. This move signifies Renault's strategic step towards financial stability and repositioning in the market. The sale aligns with Renault’s efforts to streamline its operations and strengthen its financial position amidst the challenging global automotive landscape.