Nissan needs a new investor to survive past 2025

Nissan is scrambling to find steady financing after Renault, its partner of 25 years, plans to divest its interest in the Japanese company.

According to the Financial Times, Nissan is seeking a “long-term, steady shareholder like a bank or insurance group” as Renault looks to untangle itself from an alliance formed in 1999, as the Japanese automaker faced bankruptcy at the turn of the century.

Last year, Renault reduced its 43.3% voting stake in Nissan to 15%, and Nissan took a 15% voting stake in Renault. Nissan also owns 34% of Mitsubishi, which it reportedly plans to reduce to 24% once Renault exits.