TOKYO—Shares of Nissan Motor Co. Ltd. slumped 5 percent on Monday, their biggest fall in more than a month, following a report that top shareholder Renault SA may consider lowering its stake in the Japanese automaker.
Bloomberg reported on Friday that Renault may consider lowering its Nissan shareholding as part of plans to separate its electric vehicle business. The French car maker has been pushing ahead with plans to split its electric and combustion-engine businesses in an attempt to catch rivals such as Tesla and Volkswagen
On Friday, Renault said all options were on the table for separating the electric vehicle business, including a possible public listing in the second half of 2023.
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