Nissan’s decision to finally pull out of Russia will cost it 100 billion yen ($687m). It is selling its business operations to the Central Research and Development Automobile and Engine Institute
Nissan is selling all of its Russian operations to the state-owned Central Research and Development Automobile and Engine Institute. The state-owned body will take on all Nissan’s passenger vehicle projects and facilities in Russia, including manufacturing plants and its research and development centre in St Petersburg and its sales and marketing operations in Moscow.
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Disruption to the production of cars in the US caused by the current parts shortages has also cast shadows over the outbound delivery process, according to speakers at last week’s Finished Vehicle Logistics North America conference, held in Newport Beach, California.
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