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| Name | Symbol | Market | Type |
|---|---|---|---|
| Nissan Motor Company Ltd (PK) | USOTC:NSANY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.03 | -0.55% | 5.39 | 5.26 | 5.49 | 5.40 | 5.36 | 5.40 | 145,987 | 22:00:02 |
From Jan 2023 to Jan 2025
By Kosaku Narioka
Nissan Motor Co. plans to invest for an up to 15% stake in Renault SA's new electric-vehicle company, Ampere, the auto makers said Monday as they formally announced the alliance's reorganization.
The French-Japanese auto alliance said member Mitsubishi Motors Corp. will also consider investing in Ampere.
The auto makers said that Renault will transfer 28.4% of Nissan shares into a French trust, and that Nissan and Renault will retain a 15% cross-shareholding.
The French auto maker said last Monday that it had agreed to reduce its stake in Nissan to 15% from 43% currently, subject to the approval of the two companies' boards.
Nissan holds a 15% stake in Renault.
The alliance's new initiatives include operational projects in Latin America, India, Europe, they said Monday.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
February 06, 2023 03:36 ET (08:36 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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