Renault’s 2025 loss swells to €10.9 bln after Nissan write-down

French automaker Renault reported a staggering loss of €10.9 billion for the 2025 fiscal year in Paris, marking one of the worst financial performances in the company's history, with the massive deficit primarily attributed to significant write-downs related to its partnership with Japanese carmaker Nissan. The unprecedented loss represents a dramatic reversal of fortune for Renault, which had previously been profitable despite facing challenges in the global automotive market. The write-downs, which account for a substantial portion of the deficit, reflect the deteriorating relationship between Renault and Nissan, once hailed as one of the most successful automotive alliances in the industry. The financial hit comes at a particularly challenging time for the automotive sector, which is grappling with supply chain disruptions, semiconductor shortages, and the costly transition to electric vehicles. Industry analysts suggest that the financial results may prompt a major strategic reevaluation of Renault's partnership with Nissan, which has been strained by the arrest and subsequent ousting of former Nissan CEO Carlos Ghosn in 2018. The alliance, which began in 1999, has faced increasing tensions in recent years, with both companies pursuing more independent paths amid technological shifts in the industry.