Nissan Motor Co. announced Tuesday that it had decided to withdraw from automobile production in Russia, where it had been operating since 2009.
Nissan will transfer its local subsidiary, including its production plant, to an entity of the Russian government. Nissan suspended production in Russia back in March due to the problem of parts procurement stemming from Russia's invasion of Ukraine.
The company appears to have decided that resuming production is difficult for the time being as the conflict becomes more prolonged.
