Toyota Withdraws From Russia

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Untitled design

On the 23rd, Toyota decided to stop production at its plant in Russia. It was concluded that business continuity would be difficult due to the disruption in the supply chain due to Russia's invasion of Ukraine. It was announced that with the end of production, sales will also cease.

Toyota was the first Japanese automaker to stop car production in Russia. The future of Nissan, Mazda and Mitsubishi Motors, which have production facilities in Russia, is also expected to be decided.

Toyota is located in St. He claims that they are planning to sell property and machinery in St. Petersburg.

Toyota stopped production in March of this year as it was unable to ensure a regular supply of parts due to Western countries' sanctions against Russia. Car shipments to Russia were also suspended.
We will continue to provide after-sales support only to our existing customers in Russia. Additional retirement benefits will be paid for local workers and assistance in finding new employment.

On September 9, Toyota Motor Corporation President Akio Toyoda lashed out at the Russian invasion of Ukraine and said, “I am quite angry right now. Conflict and war make no one happy.” Toyota was selling cars in Ukraine through a regional subsidiary managed by Sumitomo Corporation, but ceased operations as a result of the occupation.

The Red Cross and the United Nations High Commissioner for Refugees (UNHCR) will receive 2,5 million euros (approximately 318 million yen) from Toyota to assist local refugees. Direct contributions from the business community and employee donations will be used for this.

Source: jiji

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