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Company News

Nissan "exploring" possible sale of 34% stake in Mitsubishi Motors - Bloomberg

TOKYO, Nov 16 (Reuters) - Nissan Motor Co. may sell its 34% stake in Mitsubishi Motors Corp in what would be a fundamental change in a three-way alliance that also includes French car maker Renault SA, Bloomberg News reported, citing unidentified sources.

Nissan is considering looking for potential buyers, which could include other shareholders such as trading company Mitsubishi Corp, because it is worried it may struggle to recover from a downturn caused by the coronavirus pandemic, Bloomberg said.

“There are no plans to change the capital structure with Mitsubishi,” Nissan said in an emailed statement. (Reporting by Tim Kelly; Editing by Jacqueline Wong)

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