Reported about 8 hours ago
Renault is set to record a significant loss of approximately 9.5 billion euros ($11 billion) on its investment in Nissan, marking a pivotal shift in their long-standing alliance. This write-down reflects ongoing struggles for Nissan amid declining sales, and Renault is expected to adjust the valuation of its stake based on Nissan's current share price. While this change won't impact Renault's overall financial guidance or operational collaborations, it highlights a gradual disengagement between the two companies that have been allied for over two decades.
Source: YAHOO