Nissan explores possible sale of 34% stake in Mitsubishi Motors

Nissan, struggling to recover from the pandemic-induced downturn, could sell its stake to a Mitsubishi group company such as Mitsubishi Corp, which already owns a fifth of Mitsubishi Motors, Bloomberg said.

TOKYO: Nissan Motor is looking to sell some or all its 34% stake in Mitsubishi Motors, Bloomberg News reported on Monday, citing unidentified sources, a move that would reshape a three-way alliance that includes France's Renault.

Nissan shares rose 5% on the news. Mitsubishi Motors was up 3%.