Mazda Loses Repurchase Rights to Russian Assets

Mazda has become the first automaker to lose its right to reclaim Russian assets following its exit from the market. The decision comes after most Western and Asian car manufacturers left Russia following the invasion of Ukraine, selling assets to local companies for symbolic sums while securing repurchase options in case of future reentry. The move signals a broader trend in the automotive industry as companies navigate the challenges of geopolitical instability.