Renault Lost 9.3 Billion Euros on Nissan. Here's the Real Reason.

Renault paid about $5 billion in 1999 to rescue Nissan. 26 years later, that stake cost it a €9.3 billion write-off and an €11.2 billion loss in a single half-year. Bigger than its pandemic loss. How does a rescue turn into a bill that size? We follow the money from the 1999 alliance and Carlos Ghosn's Nissan Revival Plan, through the 2023 reset, the failed Honda-Nissan merger and Luca de Meo's exit, to the write-off of July 2025. And we look at what still works at Renault today. Chapters 0:00 €9.3 billion gone 0:49 The rescue 2:24 The trap 3:12 The ledger 5:51 The losses 8:08 Nissan slides 9:43 The write-off 11:15 What still works 12:20 Closing the ledger Which carmaker should we investigate next? Tell us in the comments. Photo credits (Wikimedia Commons) Ministère de l'Économie et des Finances, Paris: Fred Romero, CC BY 2.0 Former Renault headquarters, Boulogne-Billancourt (2 photos): Chabe01, CC BY-SA 4.0 Luca de Meo (headshot): Y. Leclercq / Danyele, CC BY-SA 4.0 Luca de Meo, IAA 2021: Alexander Migl, CC BY-SA 4.0 Carlos Ghosn (2008): Ministry of Health, Labour and Welfare of Japan, CC BY 4.0 Carlos Ghosn visiting Norway: Norsk Elbilforening, CC BY 2.0 Louis Schweitzer, Mondial de l'Automobile 2012: Thesupermat, CC BY-SA 3.0 Hall of Mirrors, Versailles: Myrabella, CC BY-SA 3.0 Hall of Mirrors, Versailles: Jebulon, CC0 News footage used for commentary and reporting: Reuters, FRANCE 24, Bloomberg Television, Associated Press, CNBC-TV18, Nippon Television, The Japan Times, Groupe Renault, Nissan, KondorCars, Motor Network, The Wheel Network, Car Factory Channel. Sound effects: CC0. #Renault #Nissan #CarlosGhosn