Nissan and Renault have made their mutual cross-shareholdings equal at 15%, ironing out a source of friction in their alliance.
The Renault Group will transfer shares equivalent to 28.4 percent of the 43.4 percent stake it owns in Nissan Motor Co. to a French trust, retaining just a 15 percent stake, just as Nissan holds 15 percent of Renault.
The disparity between the holdings created conflicts, especially after Nissan became far more profitable than Renault.
The agreement on the change needs board approvals from both companies.
The companies did not reveal share buyers from the French trust, or the time frame for the sale.
Until then the voting rights would be “neutralized” for most managerial decisions, but the economic rights, such as dividends, will go to Renault.
The companies called the equalization of the crossholdings “an important milestone.”
The agreement calls for Nissan to invest in Ampere, Renault’s electric vehicle and software company. The companies will also work together on marketing, vehicles and technology in Latin America, India and Europe.
The French government is Renault’s top shareholder.


Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks
OpenAI Explores Massive Funding Round at $750 Billion Valuation
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 



