Renault may take $321 million hit from Nissan's Russia exit
Posted On: Oct. 13, 2022 9:46 AM CST![War risk](https://bicontent.businessinsurance.com/7b078147-08e8-4fb7-bb7f-0017692eb638.jpg)
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.