- 14 Mar 2002
- 15,973
- 9,214
- 749
Yesterday, Toyota Motor announced an exit from automobile production and sales in Russia, citing difficulties supplying key materials and parts in the country amid the war in Ukraine. They are the first Japanese automaker to announce a withdrawal from Russia but will continue to provide repairs for vehicles sold domestically for now.
A protracted disruption would hurt Toyota's ability to support employees, leaving it no choice but to end production in the country, it said. Mounting geopolitical risks in the region are believed to have contributed to the decision as well. Toyota had continued to pay factory workers after suspending production, reassigning them to maintenance and other tasks. The automaker said it decided to terminate operations while it has the resources to provide a larger severance to affected workers and help them find new employment.
Toyota to exit Russia, terminating auto production and sales
Japan carmaker sees no end to supply chain disruptions as Ukraine war rages on
asia.nikkei.com
Toyota employs around 2,350 people in Russia including at its sole factory, located in St. Petersburg, which began production in 2007 and manufactures the RAV4 sport utility vehicle and the Camry sedan. In 2021, it produced about 80,000 units.
Toyota to end auto output in Russia over war-induced supply crunch - The Mainichi
TOKYO (Kyodo) -- Toyota Motor Corp. said Friday it has decided to exit from auto production in Russia, saying it sees no prospect of resuming already
mainichi.jp