Nissan will leave Russia with big losses

The management of the Japanese company Nissan Motor announced the imminent withdrawal from the Russian market, as well as the sale

Russian assets to the Federal Stateunitary enterprise "Central Research Automotive and Automotive Institute" NAMI "" (SSC RF FSUE "NAMI"). The corresponding message appeared on the company's website. As a result of leaving Russia, Nissan will suffer a one-time loss of about 100 billion yen (about $686 million). “On behalf of Nissan, I thank our Russian colleagues for their contributions to the business over the years. While we cannot continue to operate in the [Russian] market, we have found the best solution to support our employees,” said Nissan President and CEO Makoto Uchida.

We add that the Nissan plant in St. Petersburg began work in 2009. Last year, he produced 43 thousand cars, but on March 14, 2022, the work of the enterprise was stopped.