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Renault to report $11 billion loss on Nissan stake in first half
- Renault will report an extraordinary loss of approximately $11 billion on its stake in Nissan Motor for the first half of the year.
- The loss reflects declining values due to Nissan's struggles with slumping sales and an ageing vehicle lineup.
- Renault clarified that future changes in the value of its Nissan stake will not impact its net income or dividends to shareholders.
- Despite the financial adjustment, Renault stated that ongoing operational projects with Nissan will remain unchanged.
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Behind this loss, an accounting choice that aims to turn the Nissan page without breaking the alliance. ...
·Brussels, Belgium
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Renault to report $11 billion loss on Nissan: What went wrong?
Renault reported an $11 billion non-cash loss on its 35.7% Nissan stake, shifting to a share price-based accounting method. Nissan's weak sales, outdated lineup, and $4.5 billion loss highlight the strained alliance.
·Uttar Pradesh, India
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The French manufacturer announces a depreciation of the value of its Nissan shares at 9.5 billion euros. This bad news is expected to accelerate the search for a new alliance.
·Paris, France
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Renault to report $11.2bn loss on Nissan stake in first half
French carmaker Renault said on Tuesday it will report an estimated €9.5bn (R233.65bn) non-cash loss on its stake in Nissan Motor in the first half after changing the way it accounts for the investment.
·Johannesburg, South Africa
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Total News Sources27
Leaning Left3Leaning Right4Center3Last UpdatedBias Distribution40% Right
Bias Distribution
- 40% of the sources lean Right
40% Right
L 30%
C 30%
R 40%
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