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Nissan exited Russia in October, when it said it would hand over its business in Russia to NAMI for 1 euro ($0.97), it said, taking a loss of about 100 billion yen ($687 million). The deal will give Nissan the right to buy back the business within 6 years, Russia’s industry and trade ministry said.
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Nissan had operated in Russia since 2004, and the St. Petersburg factory opened in 2009. In addition to the X-Trail, it also built the Qashqai and Murano SUVs.
Source: Auto News
A 3d animation professional with over 20 years of industry experience having served in leading organizations & production facilities of Pakistan, an avid car enthusiast and petrolhead with an affection to deliver writings to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com