Nissan to suspend production in Russia until September

The car factories of the Japanese companies Nissan and Toyota in St. Petersburg went into a downtime in March. According to Nissan CEO Makoto Uchida,

The Japanese auto company Nissan has decided to suspend production in RUSSIA for the first half of the fiscal year that began on April 1. This is reported by REUTERS, citing a statement by the company's CEO Makoto Uchida.

“We will take steps to minimize the impact [of disruptions in the supply of components due to sanctions against Russia] on work,” he said.

Beglov called the condition for the resumption of work of Nissan and Toyota plants Business RusLetter

The car factories of the Japanese companies Nissan and Toyota in St. Petersburg went into a downtime in March. According to the governor of the city, Alexander Beglov, production will be resumed as soon as supplies of components and equipment are restored.

The governor claimed that the St. Petersburg authorities interact with top managers of enterprises and are "ready to provide the necessary assistance at any time." “We must pay tribute to the owners of our car factories: they behave very worthily. They pay employees at least 2/3 of the average salary. No one is laid off or fired except on a personal request,” Beglov added.

Nissan assembles Qashqai, X-Trail and Murano SUVs at a plant in St. Petersburg. The plant suspended work in March, shortly after the start of the military operation in Ukraine and the first sanctions against Russia. This was due to the lack of imported parts, which led to the disruption of supply chains. At the same time, Toyota and Hyundai factories went into idle time, the latter, according to Fontanka, at least until mid-July.

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In May, Nissan CEO Makoto Uchida said the company's plant in St. Petersburg would likely not reopen in 2022. “We have to assume that operations will be suspended for a year,” Automotive News quoted him as saying. The publication, citing Uchida, wrote that Nissan “wrote off” its Russian business in its forecast for this fiscal year, which will end on March 31, 2023.