Cross-Shareholdings Lowered as Nissan Exits Renault’s EV Unit Investment In a strategic move aimed at bolstering Nissan’s recovery, automakers Renault and Nissan announced on Monday a further restructuring of their long-standing partnership. The latest amendment to their alliance agreement will allow for a reduction in their cross-shareholdings, lowering the required stake to 10% from the previous 15%. The decision comes just ahead of Ivan Espinosa assuming his new role as CEO of Nissan, taking the helm at a critical juncture for the struggling Japanese carmaker. Under pressure to regain competitiveness, Nissan will also be released from its earlier commitment to … Continue reading Renault and Nissan Further Loosen Ties to Aid Japanese Automaker’s Turnaround