Autonomous Vehicle News
Nissan's investment in Ampere had been widely seen as a prerequisite for Renault's agreement to shed its stake in Nissan, analysts say. Renault initially took a 37 percent stake in Nissan in 1999 to rescue the Japanese carmaker from the brink of bankruptcy. The Japanese automaker now expects a net profit of 340 billion yen, compared with its earlier projection of 315 billion yen. Sales are forecast at 12.6 trillion yen, up from 12.4 trillion estimated earlier. For the three months ended June, net profit more than doubled from the same quarter last year to 105.48 billion yen on sales of 2.92 trillion yen, up 36.5 percent.