TOKYO — Toyota Motor Corp. will halt manufacturing at its Russian manufacturing unit from Friday whereas automobile imports into the nation have additionally stopped indefinitely resulting from provide chain disruptions, the automaker mentioned.
Toyota joins different Japanese automakers which have taken or flagged comparable strikes, additionally citing issue in procuring elements and different logistical hurdles.
Western corporations have spurned Russia following its invasion of Ukraine, with some saying they’d exit investments there, however the response of many Japanese companies has been extra muted up to now.
“Like everybody all over the world, Toyota is watching the continuing developments in Ukraine with nice concern for the protection of individuals of Ukraine and hopes for a protected return to peace as quickly as attainable,” Toyota mentioned in a press release.
Toyota is Russia’s prime Japanese model, producing about 80,000 autos at its St. Petersburg plant which employs 2,000 employees.
Amongst different Japanese manufacturers, Mazda Motor Corp., which offered 30,000 vehicles in Russia final yr, mentioned exports of elements to its three way partnership plant in Vladivostok would finish quickly.
Mitsubishi Motor Corp. could droop manufacturing and gross sales in Russia, it mentioned, citing potential provide chain disruptions on account of sanctions on Russia. Learn full story
Honda Motor Co. mentioned issue in transport autos and making funds led it to droop exports of vehicles and bikes to Russia, though gross sales totalled simply 1,406 vehicles within the 2020 monetary yr.
Nissan Motor Co., which offered 53,000 autos in 2021, mentioned it was persevering with operations in Russia for now whereas monitoring the state of affairs there.
Autos and auto elements made up greater than half of Japan’s exports to Russia in 2020, in line with the finance ministry.