Renault to report $11.2 billion loss on Nissan stake in first half

Renault anticipates a significant loss of about 9.5 billion euros on its Nissan Motor stake. This is due to a change in accounting methods. Both companies are adjusting their two-decade partnership. Renault will gradually reduce its stake in Nissan. This change will not affect operational projects. Renault is also looking for a new CEO as Luca de Meo departs.