Ukraine Invasion: After Toyota, Volkswagen stops production in Russia

German car giant Volkswagen (VW) said it would stop its vehicle production in Russia “until further notice” and “immediately” halt exports to Russia in light of the attack on Ukraine.
VW operated its own car production sites in Kaluga, south-west of Moscow and Nizhny Novgorod, further east.
The company on Thursday, announced that production at both sites would be stopped for the time being.
No cars from among the VW Group brands, including Audi, Porsche and Skoda would be exported to Russia, it said in a statement.
On Wednesday, luxury carmaker Mercedes-Benz said it was halting business with Russia.
Selling to or buying from Russian companies had become far harder in the days since the Kremlin launched its invasion due to sanctions imposed by the international community.
German carmakers had been particularly hard hit and the conflict had affected for example the provision of wiring harnesses from Ukraine that relayed information and electric power around a vehicle.
Several car manufacturers had announced temporary halts in production at some of their German sites in the past two days.
It is not only German carmakers that have been affected by the conflict.
Toyota on Thursday said it would suspend production at its St Petersburg plant from Friday due to supply chain disruptions; the plant manufactures RAV4 and Camry models, mainly for the Russian market.
The carmaker said it had already stopped all activities in Ukraine as of February 24.
International sanctions prompted a number of key global companies to announce that they were winding down or reducing business with Russia.
These include among many others Boeing, Apple, ExxonMobil and shipping company Maersk.
Music and podcast streamer Spotify said it was closing its offices in Russia but it would continue to make its services available in Russia “to allow for the global flow of information.”
(dpa/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Politics
I’m contesting senatorial seat to give Benue voice, says Tsegba
Mr Tsegba expressed concern over what he described as the failure of elected representatives to speak out against persistent attacks and killings in their constituencies.

States
30 units of 80-inch LG plasma TVs caught with terrorists’ suppliers: Military
A statement by Mohammed Goni, the acting spokesperson for the operation, said the suspects were arrested on Monday at about 1:30 p.m.

States
Borno, Adamawa, Yobe map out response strategies, flooding evacuation plans
Borno, Yobe and Adamawa governments have mapped out response strategies and evacuation plans to mitigate the effects of impending floods.

Rights
AUPCTRE faults Tinubu govt over unpaid wage award
The national president of AUPCTRE, Benjamin Anthony, made the call in an interview in Abuja on Wednesday.

Politics
PDP has moved past crisis, uncertainty, says Ohuabunwa
“The party is now rebuilding and will come out stronger and better,” stated Mao Ohuabunwa.

World
U.S. judge orders Trump to release financial records sought by BBC
A court has ordered Mr Trump to produce the financial documents the BBC requested as part of the legal proceedings in his $10 billion defamation suit.





