Toyota to suspend Russian car production, vehicle imports

TOKYO, March 2 (Reuters) – Toyota Motor Corp (7203.T) will halt production at its Russian factory from Friday while vehicle imports into the country have also stopped indefinitely due to supply chain disruptions, the automaker said.

Toyota joins other Japanese automakers that have taken or flagged similar moves, also citing difficulty in procuring parts and other logistical hurdles.

Western companies have spurned Russia following its invasion of Ukraine, with some saying they would exit investments there, but the response of many Japanese firms has been more muted so far. read more

“Like everyone around the world, Toyota is watching the ongoing developments in Ukraine with great concern for the safety of people of Ukraine and hopes for a safe return to peace as soon as possible,” Toyota said in a statement.

Toyota is Russia’s top Japanese brand, producing about 80,000 vehicles at its St. Petersburg plant which employs 2,000 staff.


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