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Nissan-Renault alliance

Twin storms batter struggling Nissan-Renault-Mitsubishi alliance

French automaker reports record $8.6bn net loss for H1 hit by coronavirus and Nissan plunge

The new coronavirus pandemic is making it even harder for the three allied automakers to recover. (Photo by Kei Higuchi) 

TOKYO -- It has only been a few months since the carmakers that form the Renault-Nissan-Mitsubishi alliance announced some of the most dire annual results in their history -- but anyone who thought that marked the end of their trials has been roundly disabused of the notion.

Renault announced Thursday that it posted a record net loss of 7.3 billion euros ($8.6 billion) for the January to June period, 65% of which was due to Nissan Motor's loss -- the French company has a 43% stake in the Japanese automaker.

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