Mexican Media Brands
Nissan Raises Prices in Russia, Shifts Production
Carlos Ghosn
Nissan Motor Co. has stopped taking new-car orders for some models in Russia as the country's currency continues to weaken.
#economics
Share
Carlos Ghosn
Nissan Motor Co. has stopped taking new-car orders for some models in Russia as the country's currency continues to weaken.
The company also may raise prices on other models, and it plans to increase imports from Japan, according to CEO Carlos Ghosn. He describes the ruble's decline as "a bloodbath" for all foreign carmakers in Russia.
Russia's currency has dropped about 50% in value since June. Ghosn points out that the weak Japanese yen makes it financially attractive to supply more vehicles for Russia from Nissan's home plants. Currently Nissan locally produces about 70% of the cars it sell in Russia.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
GM: The Drive to Profitability, Part 1
General Motors released rather impressive numbers for 2015.