In 2022, many automotive companies left Russia due to sanctions. However, this brought them large financial losses. As reported, automobile concerns are losing about €4.5 billion due to the withdrawal from the Russian market.
Nissan estimates losses at the level of 24.1 billion yen (about 10.19 billion rubles) for leaving the market, plus another 77.2 billion yen (32.63 billion rubles) will cost the closure of production near St. Petersburg. AT Mazda they also talk about losses of 12 billion yen (about 5.07 billion rubles).
The situation is similar with European manufacturers. Renault talks about losses of 2.3 billion euros, while Mercedes-Benz reports losses of 1.4 billion euros (about 86.16 billion rubles).
In general, the source attributes such losses to the transfer of assets to Russian partners and a decrease in demand in the Russian market. In addition, since the beginning of the year in Russia closed 160 car dealerships, but about 300 car dealerships from China appeared.