Nissan Motors plans to open a small design studio in Moscow where the car manufacturer will develop products for the local and global markets, senior vice president and creative director Shiro Nakamura said.
Nakamura did not specify an opening date but said that a location has been chosen, Vedomosti reported Friday.
The decision was motivated by the high potential of the market, the availability of Russian specialists and plans to localize operations and adapt models to local conditions, a company spokesman said, adding that the Russian market is seen as a high priority.
Nissan said it intends to increase sales in Russia to 480,000 vehicles per year in 2016 for a market share of 10 percent, with more than 80 percent of the cars sold to be produced locally.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
