French car maker Renault has announced that it will sell all of its German Daimler shares to improve its finances.

Renault holds a 1.54% stake in Daimler, but announced on the 11th that it plans to sell all of this.



Calculated based on the stock price on that day, it will be about 1.2 billion euros, or 150 billion yen in Japanese yen.



Renault was in the worst final deficit of 8 billion euros last year, about 1 trillion yen, and it is expected that the severe business environment will continue due to the influence of the spread of the new coronavirus infection and the global shortage of semiconductors. The aim is to improve the finances by selling the shares of.



Renault and Nissan Motor Co., Ltd., which formed a coalition, entered into a partnership with Daimler in 2010 and held shares with each other, but the cooperative relationship with Daimler in production etc. continued even after the sale of shares. I'm going.