Renault LOSE $11 BILLION after Nissan’s Share Price Crashes
Renault LOSE $11 BILLION after Nissan’s Share Price Crashes
Renault has incurred a non‑cash loss of €9.5 billion (about $11 billion) on its roughly 35.7% stake in Nissan, after shifting to a new accounting method that values the investment directly according to Nissan’s falling share price— a move that impacts equity but doesn’t affect cash flow or dividends.
Credit to : The Electric Viking
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