Shares of Nissan Motor Co slumped 5 per cent on Monday, their biggest fall in more than a month, following a report that top shareholder Renault may consider lowering its stake in the Japanese automaker.
On Friday, Renault said all options were on the table for separating the electric vehicle business, including a possible public listing in the second half of 2023. The car makers’ two-decade-old alliance, which includes Mitsubishi Motors, was rocked by the 2018 ouster of alliance founder Carlos Ghosn amid a financial scandal. They have since pledged to pool more resources.
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Nissan ending production of Datsun brand vehiclesJapanese automaker Nissan is ending production of Datsun brand vehicles, less than a decade after reviving the famed budget car to woo cost-conscious customers in emerging markets, the company said today.
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