Latest Trending
Last Updated, Mar 6, 2022, 5:37 AM
Ukraine war causes closure of 10 major automotive factories in Russia


MOSCOW, Russia: As the economic fallout from Moscow’s invasion of Ukraine intensified, ten major car and motorcycle manufacturers announced the closures of their factories or the suspension of sales in Russia.

Toyota, Mercedes-Benz and Hyundai said they would cease manufacturing in Russia, and Porsche and BMW closed their plants due to a lack of parts from Ukraine. Ford, Renault, and BMW have already closed their Russian plants.

Adding to a growing list that includes Volvo, Jaguar Land Rover and Volkswagen, automakers Mercedes-Benz, Toyota, Honda, Bentley, Aston Martin, Harley-Davidson and Rolls-Royce all stopped sales to Russia.

Only a handful of brands, including Hyundai and Nissan, were still importing vehicles to the country.

Renault has stopped sales and closed its Moscow plant due to difficulties in sourcing parts from Europe.

This week, Carlos Tavares, chief of Stellantis, which owns brands such as Jeep, Peugeot and Fiat, said he aims to keep selling into Russia as long as sanctions allow.

Essential parts from Ukrainian plants have begun to dry up, forcing carmakers across Europe to halt production, while an increasing number of car brands that import to Russia are canceling sales because of sanctions.

In 2020, Honda, which canceled sales this week, said that it planned to leave the Russian market this year, while Porsche said it will close its factory in Leipzig, Germany.

Meanwhile, BMW said its factories in Germany and the Mini plant in the UK would be forced to close next week, and VW, which owns Porsche, has already closed two facilities in Europe, warning of further cuts due to difficulties in obtaining parts.

However, Stellantis’ Tavares said the impact on the company’s plants in France, Italy, Germany, Spain and the UK is currently “very limited,” because it sourced fewer parts from Eastern Europe than its rivals.

Ukraine is a key producer of wiring harnesses that hold the electronic cables within a car, and parts manufacturer Aptiv, which has two Ukrainian facilities, has already moved some equipment to other sites to try to maintain production.

24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com

Latest Post

Common Mistakes When Using Athletic Field Tarps

Last Updated,Jun 5, 2024

High-Performance Diesel Truck Upgrades You Should Consider

Last Updated,May 14, 2024

Warehouse Optimization Tips To Improve Performance

Last Updated,May 6, 2024

Fire Hazards in Daily Life: The Most Common Ignition Sources

Last Updated,Apr 30, 2024

Yellowstone’s Wolves: A Debate Over Their Role in the Park’s Ecosystem

Last Updated,Apr 23, 2024

Earth Day 2024: A Look at 3 Places Adapting Quickly to Fight Climate Change

Last Updated,Apr 22, 2024

Millions of Girls in Africa Will Miss HPV Shots After Merck Production Problem

Last Updated,Apr 18, 2024

This Lava Tube in Saudi Arabia Has Been a Human Refuge for 7,000 Years

Last Updated,Apr 17, 2024

Four Wild Ways to Save the Koala (That Just Might Work)

Last Updated,Apr 15, 2024

National Academy Asks Court to Strip Sackler Name From Endowment

Last Updated,Apr 12, 2024

Ways Industrial Copper Helps Energy Production

Last Updated,Apr 11, 2024

The Ins and Out of Industrial Conveyor Belts

Last Updated,Apr 10, 2024