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Nissan considering 34% stake sale in Mitsubishi: Reports

Nissan Motor Co. may sell its 34 per cent 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.

News source ~ Bloomberg