Toyota ‘has no intention’ of leaving Russia — RT Business News


Japanese automaker Toyota has no plans to exit the Russian market or close its car production plant in the country, the company’s press office said Thursday.

He said deliveries of Toyota and Lexus vehicles to Russia have been temporarily suspended due to the disruption of logistics in the region. Foreign companies have faced supply chain problems due to Western sanctions targeting the Russian economy due to the country’s military involvement in neighboring Ukraine.

The company also dismissed reports that it planned to close its factory in Russia’s second city.

Due to delays in the supply of components, the Saint Petersburg plant, which produces the RAV4 and Camry, has suspended work since March 4, 2022. At the moment, all official Toyota and Lexus dealerships are operating as d ‘habit. There are no plans to leave the [Russian] commercialize or close the plant,said Toyota in a press release.

READ MORE:
Volvo trucks leave Russia

Automakers Ford, Renault, Hyundai, BMW and Volkswagen have all announced the suspension of production in Russia.

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