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Nissan may sell entire Calsonic Kansei stake

Nissan Motor is adding finishing touches to its group reorganization efforts with a sale of its stake in Calsonic Kansei.

TOKYO -- Nissan Motor is considering liquidating its 41% interest in autoparts maker Calsonic Kansei, with an eye toward using the proceeds to bolster electric vehicle and artificial intelligence R&D.

The Japanese automaker plans to solicit a first round of bids in June. The sale may raise more than 100 billion yen ($913 million), based on Calsonic Kansei's roughly 240 billion yen market capitalization at the close of trading Monday.

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