Nissan to halt car production in Russia and Ukraine for a year

Japanese carmaker Nissan Motor has suspended operations in Russia and Ukraine for a year. This was announced at a press conference on the FY 2021 results report (ending March 31, 2022) by the company’s CEO, Makoto Uchida. He also said data for the Russian Federation and Ukraine are not included in the report.

Recall that the Nissan plant in St. Petersburg has been closed since March 14 due to interruptions in the supply of components.

Production in Russia is unlikely to resume before March next year.

According to foreign media reports, Nissan suffered a financial loss of 52.6 billion yen (499 million US dollars) in the past fiscal year from its activities in Russia and Ukraine: 15.2 billion yen from Nissan’s own company and 37.4 billion yen lost due to its stake in the alliance with Renault.

Source: Z R

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular

More from author

Where and which spare parts to take – research

The majority of drivers (56%) started purchasing spare parts and consumables themselves, rather than buying them from the auto service along with their replacement...

‘Benediction’: poetry in war

'Benedict' ★★★★Address Terence Davisinterpreters Jack Lowden, Simon Russell Beale, Peter CapaldiYear 2021premiere 8 July 2022 ...