The brand said it will invest $3.17 billion to launch eight models globally, including five in high-value segments.
Pulls out of production in China while investing in Renault’s EV unit.
They will remain so until automaker’s dispute with Russian automaker GAZ is resolved.
Brand plans completely electrified lineup by 2035, including work with alliance partner Renault.
Refreshed alliance gives Nissan equal footing in two-decade partnership.
Carmakers trying to work out matters of importance to each.
Automakers meanwhile negotiating terms.
The Japanese automaker forecasts operating profit for the fiscal year will hit 360 billion yen ($2.5 billion), up 100 billion yen from its July forecast.
AvtoVAZ has started building vehicles without airbags, antilock brakes and other safety features because international sanctions have blocked imports of needed parts.
Experts predict the Russian invasion of Ukraine could slash global production of new cars and trucks by millions of units in 2022.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In