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Nissan exited Russia in October, when it said it would hand over its business in Russia to NAMI for 1 euro ($0.97), it said, taking a loss of about 100 billion yen ($687 million). The deal will give Nissan the right to buy back the business within 6 years, Russia’s industry and trade ministry said.
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Nissan had operated in Russia since 2004, and the St. Petersburg factory opened in 2009. In addition to the X-Trail, it also built the Qashqai and Murano SUVs.
Source: Auto News
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