|Bid||365.00 x 0|
|Ask||365.00 x 0|
|Day's range||364.00 - 368.00|
|52-week range||187.00 - 389.00|
|Beta (5Y monthly)||0.94|
|PE ratio (TTM)||N/A|
|Earnings date||04 Nov 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||30 Mar 2020|
|1y target est||324.20|
France's Renault will supply two car models for Japan's Mitsubishi Motors to sell on the European market, the carmakers said on Wednesday, even as the Japanese firm stops developing its own vehicles in the region. The companies are part of an alliance that also includes Nissan, and which the carmakers have been trying to reboot as the industry faces growing costs and grapples with the COVID-19 crisis. Producing cars for Mitsubishi, which would be derived from its own models, would help revive revenue from "sales to partners" at loss-making Renault.
Nissan Motor is looking to sell some or all of its 34% stake in Mitsubishi Motors, Bloomberg News reported on Monday, citing unidentified sources, a move that would reshape a three-way alliance that includes France's Renault. Nissan shares rose 5% on the news. Mitsubishi Motors was up 3%.