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NISSAN TO EXIT RUSSIA
Hyundai not in a position to buy back Russian auto factory: SourceHyundai faces a deadline to buy back its former Russian car plant. The ongoing Ukraine war prevents the automaker from repurchasing the fac...- From fashion to cars, Russian markets pose new test for Western brands weighing returnWestern brands may consider returning to Russia amid efforts to end the Ukraine conflict, but the market has grown more competitive with th...
- A dollar for an entire company? 5 dirt-cheap acquisition dealsHSBC Holdings has bought the UK subsidiary of Silicon Valley Bank for just one pound, on an immediate basis. US authorities took extraordin...
- Mercedes-Benz to quit Russian market, sell shares to local investorJapan's Nissan this month took a $687 million loss in handing over its business in Russia to a state-owned entity for one euro, mirroring a...
- Whoever wins loses: Liz Truss’s successor to inherit grim UK economyThe race is already underway to succeed Truss, who exits Downing Street after her bid to deliver “growth, growth, growth” via unfunded tax ...
- Nissan sells Russia business for 1, takes $687m lossThe Japanese automaker transfer its shares in Nissan Manufacturing Russia LLC to state-owned NAMI, it said. The deal will give Nissan the r...
- After Renault, Nissan to exit Russia, may face $687 million losshe automobile manufacturer Nissan intends to hand over the manufacturing facility to the state agency. Notably, alliance member Renault too...
- In isolated Russia, a tale of two economiesSix months into the Ukraine conflict, the strategies and struggles of Russia's biggest automaker offers an insight into the contrasting for...
- Renault hands Russian assets to Moscow in nationalisation firstRenault controlled 68 percent of AvtoVAZ, the largest carmaker in Russia with the country's top brand Lada, but was under pressure to pull ...
- Nissan pulls the plug on Datsun brand in IndiaConfirming the move to discontinue the Datsun brand, Nissan India in a statement said, "Production of Datsun redi-GO has ceased at the Chen...
- Global auto companies switching off hatchback engine in IndiaThe appetite for hatchbacks is now largely restricted to the top three players - Maruti Suzuki, Hyundai Motor India and Tata Motors - as ot...
- Toyota to suspend Russian car production, vehicle importsWestern companies have spurned Russia following its invasion of Ukraine, with some saying they would exit investments there, but the respon...
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