Toyota Motor Corporation said today that it will end vehicle production at its Saint Petersburg plant in Russia that opened in 2007 to build Camry models.It has expanded into a vast multi-shift operation employing thousands of workers, since then.*
“We must now act in a way that allows us to protect the values and principles that our predecessors built up and be confident that we can pass them on to the next generation,” TMC said in a statement. It’s the latest example of global automakers realizing how perilous it is to do business with a mercurial, tyrannical regime. Is China next? Continue reading










Global Warming – New GM, Ford EV Plants Advance
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Both General Motors (NYSE: GM) And Ford Motor (NYSE: F) announced new developments today for making EV trucks.
GM is investing $760 million in its Toledo, Ohio Propulsion Plant for EV drive unit production for Chevrolet Silverado EV, GMC Sierra EV and GMC HUMMER EVs. With today’s announcement, GM has invested more than $1.9 billion at Toledo since 2011. Toledo Propulsion Systems currently builds GM’s six-speed, eight-speed and 10-speed rear-wheel drive and nine-speed front-wheel drive transmissions that are used in a variety of Chevrolet, Buick, GMC and Cadillac products.
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