Automakers

Nissan sells Russian business for 1 euro

Nissan x-Trail Russia
Nissan builds the X-Trail at its plant in St. Petersberg. Production was suspended in March due to supply chain disruptions. (Evgenyi Vasiliev)
R
By:
Reuters
October 11, 2022 10:02 AM

MOSCOW -- Nissan will hand over its business in Russia to a state-owned entity for 1 euro ($0.97), it said, taking a loss of around 100 billion yen ($687 million). The decision marks the latest costly exit from the country by a global company.

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