The OEM which has operations both in Ukraine and Russia, it says its priority in dealing with this crisis is to “ensure the safety of all its team members, retailer staff, and supply chain partners.”
03 Mar 2022 | 8624 Views | By Autocar Professional Bureau
The ongoing conflict between Russia and Ukraine, has impacted manufacturing operations for almost every organisation and sector having exposure to either or both of these countries. In fact, with several automotive companies already announcing their plans to stop business activities in Russia, Japanese carmaker Toyota too has shared an update.
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The ongoing conflict between Russia and Ukraine, has impacted manufacturing operations for almost every organisation and sector having exposure to either or both of these countries. In fact, with several automotive companies already announcing their plans to stop business activities in Russia, Japanese carmaker Toyota too has shared an update.
In a company statement Toyota has said that like everyone around the world, it is “watching the ongoing developments in Ukraine with great concern for the safety of people of Ukraine and hopes for a safe return to peace as soon as possible.”
The OEM which has operations both in Ukraine and Russia, it says its priority in dealing with this crisis is to “ensure the safety of all its team members, retailer staff, and supply chain partners.” Furthermore, it is monitoring the global developments and will make necessary decisions as required.
Sharing the business status of its European operations Toyota says that in Ukraine (sales and after sales operations; 37 retail locations) it has stopped all activities as of February 24.
In Russia (sales and after-sales operations; 168 retail locations; and one plant in St Petersburg manufacturing RAV4 and Camry models for the Russian market mainly): Toyota Motor Russia will stop production at its St-Petersburg plant from March 4, and has stopped imports of vehicles, until further notice, due to supply chain disruptions.
Also read: Car industry reacts to Russian invasion of Ukraine