01-07-2025
Renault Takes $11 Billion Non-Cash Loss in Nissan Account Change
Renault SA will recognize an estimated €9.5 billion ($11.2 billion) non-cash loss after changing the way it accounts for its stake in ailing Japanese carmaker Nissan Motor Co.
The new accounting method — which will align the value of the stake with Nissan's share price — has no cash impact and won't affect the calculation of Renault's dividend, the French automaker said Tuesday. Nissan's shares have slumped 38% in the 12 months.
