Nissan, which has been struggling to recover since COVID-19, reportedly wants to sell all or some of its 34 per cent stake in Mitsubishi Motors, according to Reuters. News of its intent helped the OEM’s shares rise five per cent and Mitsubishi’s three per cent, as a sell-off would reshape the three-way alliance that also includes Renault. However, a Nissan company spokeswoman said “There are no plans to change the capital structure with Mitsubishi.” (Source: Reuters) Read the original article…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
Reuters has unveiled its 2025 Automotive D.R.I.V.E Honours Shortlist for an event that annually recognizes automotive excellence and celebrates innovation, commitment, impact, and leadership within the sector. This is the third year this D.R.I.V.E event is taking place, awarding three …
Automotive industry players in Canada likely heaved a sigh of relief after the federal government announced trade talks between Canada and the United States will resume. Both parties are eyeing a deal by July 21. It was not Canada’s automotive …
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