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Renault reports a €9.5 billion paper loss on its Nissan stake due to accounting changes.
French carmaker Renault will report a non-cash loss of €9.5 billion ($11.2 billion) on its 35.7% stake in Nissan due to changes in accounting methods.
This change reflects the fluctuation in Nissan's share price directly in Renault's equity, with no impact on its net income or dividends.
The move follows Renault and Nissan's decision to adjust their long-standing partnership to aid Nissan's recovery.
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Renault reporta una pérdida de papel de 9.500 millones de euros en su participación en Nissan debido a cambios contables.