The French carmaker, which owns 35.71% of Nissan, said the financial hit from the change has no impact on its cash position nor on the calculation of its dividend.

Renault SA will recognize an estimated €9.5 billion ($11.2 billion) non-cash loss after changing the way it accounts for its stake in ailing Japanese carmaker Nissan Motor Co.

Renault reported an $11 billion non-cash loss on its 35.7% Nissan stake, shifting to a share price-based accounting method. Nissan's weak sales, outdated lineup, and $4.5 billion loss highlight the strained alliance.