Nissan Will Sell Renault Shares to Develop New Products

KatadataOTO – Various measures are being taken by Nissan to ensure the company can survive amidst pressure. One of these is reducing its ownership in Renault.

The two companies have agreed to reduce the minimum shareholding of each company. From the previous 15 percent to 10 percent.

By selling their shares in Renault, the company could raise approximately 100 billion yen (around Rp 11.3 trillion). These funds can be used by the company to develop new vehicles amidst the current challenging conditions.

“We are reducing our cross-shareholdings to invest in vehicle development. However, no firm decision has been made at this stage," said Ivan Espinosa, CEO of Nissan Motor.

Photo : Nissan

The sale will be one of the points of strain in a partnership that has lasted for more than two decades. Especially since Renault has been gradually divesting its shares in Nissan since 2023.

This move was made during the restructuring of the Nissan and Renault alliance to make the two companies more equal.

It was previously reported that Nissan is trying to restore its financial condition. Besides divesting shares in Renault, they plan to sell several important assets, including their main office located in Yokohama, Japan.

The Japanese manufacturer has even reportedly included the office in the assets to be sold by March 2026.

However, this is not easy as the location has been the headquarters since relocating from Tokyo in 2009. Its location is also very strategic as it is close to Yokohama station.

However, Nissan's property is estimated to be worth 100 billion yen. These funds could certainly help the company's finances to close seven of its 17 global factories.

Photo : Nissan

Not only that, the company has also taken several other strategic steps, including laying off about 20,000 workers worldwide. This number is equivalent to 15 percent of their total global workforce.

This number was reached during the 2024 fiscal year, or from April 1, 2024, to March 31, 2025.