Renault Increases Stake In Nissan

Car manufacturers Renault and Nissan strengthened their ties with the announcement that the French car maker is to raise its equity stake in Nissan from the present 36.8 per cent to 44.4 per cent, at a cost of 215.

9 billion Yen (1.84 billion Euro). Nissan will take a 15 per cent in Renault later on this year.