Toyota Motor Corp. has announced that it will suspend the operation of its local plant from the 4th as economic sanctions on Russia increase.
Honda has also stopped exporting cars to Russia, and there is a growing movement among Japanese automakers to forgo business.
Toyota Motor Co., Ltd. is producing SUVs = multipurpose sports cars at its factory in St. Petersburg, Russia, and was still in operation after the military invasion of Ukraine by Russia.
However, as economic sanctions on Russia intensify, it has been announced that the factory will be shut down for the time being from the 4th.
The local subsidiary will also stop importing finished vehicles from countries other than Russia.
It seems that it was difficult to continue production because it was not possible to procure enough parts due to the disruption of logistics.
Toyota commented, "We made the necessary decisions after assessing the situation from a broad and fair perspective."
Japanese automakers have decided to temporarily suspend exports to Russia because of the risk that Honda will not be able to settle or collect funds, and Mitsubishi Motors may also suspend the operation of local factories. It is clear that there is.
As countries impose strict economic sanctions on Russia, Western private companies are moving to forgo business in Russia one after another, but Japanese automakers have also stopped production and exports due to logistics disruptions and other reasons. The movement to do is spreading.