© Reuters. FILE PHOTO-The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Le Coteau, France, July 13, 2023. REUTERS/Gonzalo Fuentes/File Photo
TOKYO (Reuters) – France’s Renault (EPA:) has cut its stake in Nissan (OTC:) to 15% from around 43% by placing 28.4% of the Japanese automaker in a French trust, the companies said in an alliance statement on Wednesday.
The move puts Renault and Nissan on equal footing, with each holding a 15% stake in the other.
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