Nissan CEO Makoto Uchida said this week that his company has suspended production in Russia for the first half of the business year beginning on April 1 due to the untenable situation regarding its former trading partner.
“We believe this situation could turn more serious and prolonged,” a spokesman said at Nissan’s annual general meeting (AGM), in reference to a worsening Russia-Ukraine conflict.
When Russia invaded Ukraine, Nissan suspended production in Russia from March as well as exports to Russia, as many Western nations imposed economic sanctions.
Nissan Manufacturing Rus LLC, the company’s plant in St. Petersburg, stopped its assembly line—that builds Qashqai and
→ Continue reading at Forbes
