The largest Japanese and world vehicle manufacturer, Toyota Motor has decided to suspend production of its cars in Russia citing latest crisis in Ukraine.
- As reported today by the business newspaper Nikkei
Nikkei reports that the time of resumption of production in Russia, from Toyota cannot be predicted.
The Toyota plant is located in St. Petersburg
*Nikkei tweet on latest from Toyota
BREAKING | TOYOTA TO HALT RUSSIA PLANT
— Nikkei Asia (@NikkeiAsia) March 2, 2022
In addition, two other giants of Japanese manufacturers,
Honda and Mazda also decided to ban the export of their products to Russia due to the situation in Ukraine and the sanctions imposed against Russia.
Honda will immediately stop, the export of cars and motorcycles, and
Mazda will stop the supply of spare parts and components for its factories located in the territory of the Russian Federation.
Meanwhile, Nissan began to reduce the production of its enterprises in Moscow
*currently continues to produce with limited capacity