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After Nissan, Ford and GM announced to shut their operations in Russia amidst the ongoing conflict between Ukraine and Russia, now Mercedes-Benz has decided to move out of the Russian market.
Signalling its imminent exit from the market, Nissan’s Executive Committee has approved the sale of its Russian operations to NAMI, the Central Research and
More than seven months into the Ukraine War, foreign companies are still filing out of Russia. Over 1,000 companies have made the decision to close do
Nissan bears $687 million losses, sells Russian business for 1 euro ONLY with 6 year buyback option, reports IANS.
Nissan said Tuesday that it would sell its assets in Russia to a state-owned company, joining dozens of other global companies in exiting the country.