Toyota will suspends its Operations at Russia plant Amid Russia and Ukraine Crisis
Toyota has suspended its operations in Russian Plants because of supply chain disruption amid the Russian and Ukraine war crises.
Currently, the car-making giant company Toyota has no factories in Ukraine but said it suspended its operations in the country. Toyota said it is deeply looking into the development of Ukraine with great concern for the safety of people.
Highlights
- Toyota tells the suspension of its operations in the Saint Petersburg plant on 4 March.
- Toyota also halted the operations at all its plant in Japan from Monday onwards.
- A spokesperson of the japan Government confirmed a “cyberattack.”
The giant car-making company Toyota said on Thursday that it will stop its all operations in the Russian plant due to “supply chain disruptions” that are linked to the Moscow conflict with Ukraine.
Toyota is the world’s largest selling car company now suspends its operations in Russia and japans. The factory in Saint Petersburg produced around 80,000 vehicles last year only for the main purpose of the Russian market and it mainly represents a fraction of the 10.5 million vehicles made worldwide by the group of Japan.
The company made a statement regarding the matter that can be read as “Toyota Motors Russia will stop production at its Saint Petersburg plant from 4 March and has stopped imports of vehicles, until further notice, due to supply chain disruptions,” revealed about the suspension in from 4 March onwards.
Toyota has no factories in the country Ukraine but it said it is stopping operations in the country since 24 February after Vladimir Putin Ordered its forces to invade Ukraine by air and land.
Toyota also said about Russia- Ukraine Crisis as “Toyota 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,” said in its suspension announcement.
Amid Russia- the Ukraine War crisis many countries are facing huge struggles and Japan, the technology hub also reported about the issue, and one official spokesperson of japan’s government confirmed about the “cyberattack” but he denied providing further detail and said the agencies are probing the matter.
