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Renault may take $321 million hit from Nissan's Russia exit

Posted On: Oct. 13, 2022 9:46 AM CST

War risk

French automobile firm Renault SA, which owns a controlling stake in Japan-based Nissan Motor Co.,  expects to take a $321 million hit from Nissan's Russia exit, but said its 2022 guidance will not be affected, Morningstar reported citing Dow Jones. Nissan earlier said it would book a loss of about $686 million from the sale of its Russian unit. It first suspended production at its plant in St. Petersburg in March due to supply chain disruptions.