Nissan (NSANY) announces a recall impacting more than 300,000 Pathfinder SUVs in the U.S. over a malfunctioning hood that may increase the risk of a crash by obstructing the driver's view.
TOKYO (Reuters) -Nissan Motor Co Ltd on Thursday gave some details of its two-decade-old alliance agreement with top shareholder Renault SA for the first time, revealing the French automaker cannot unilaterally increase its stake beyond 44.4%. In an annual securities report, Nissan said Renault cannot raise its stake without Nissan's permission except in cases such as if another entity bids for the Japanese automaker. Renault's stake is around 43%.
TOKYO (Reuters) -Nissan Motor Co is recalling more than 300,000 SUVs in the United States over an issue in which the hood suddenly opens, obstructing the driver's view and increasing the risk of a crash. The Japanese automaker's North American division said 322,671 Pathfinder vehicles for models between 2013 and 2016 are subjected to the recall. The recall will also involve about 37,700 vehicles of the models in Canada, a Nissan spokesperson said on Wednesday, adding they are not sold in Japan.