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?
“On March 4th we had to suspend manufacturing operations at our plant in Saint Petersburg due to the interruption in supply of key materials and parts. Since then, we have been closely monitoring the situation and evaluating the future sustainability of our business in Russia,” TMC said.
Since last March Toyota kept its workforce so it could recommence production. “However, after six months, we have not been able to resume normal activities and see no indication that we can re-start in the future,” TMC said.
“The decision to terminate production of Toyota vehicles in Russia is not one that we have taken lightly. Over the last 80 years we have developed our business and our brand with the support of stakeholders around the world.
Moreover, TMC will keep its operations in Moscow “with the clear objective of retaining an effective organization to continue supporting the retail network in providing ongoing service to existing Toyota and Lexus customers in Russia.”
“We would like to thank our employees for their hard work and loyalty. In recognition of their valued contribution, we will be offering them assistance for re-employment, re-skilling and well-being, including financial support above legal requirements,” Toyota said.
Is there any law in Putin’s Russia?
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Toyota Ending Production at Saint Petersburg Plant
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?
“On March 4th we had to suspend manufacturing operations at our plant in Saint Petersburg due to the interruption in supply of key materials and parts. Since then, we have been closely monitoring the situation and evaluating the future sustainability of our business in Russia,” TMC said.
Since last March Toyota kept its workforce so it could recommence production. “However, after six months, we have not been able to resume normal activities and see no indication that we can re-start in the future,” TMC said.
“The decision to terminate production of Toyota vehicles in Russia is not one that we have taken lightly. Over the last 80 years we have developed our business and our brand with the support of stakeholders around the world.
Moreover, TMC will keep its operations in Moscow “with the clear objective of retaining an effective organization to continue supporting the retail network in providing ongoing service to existing Toyota and Lexus customers in Russia.”
“We would like to thank our employees for their hard work and loyalty. In recognition of their valued contribution, we will be offering them assistance for re-employment, re-skilling and well-being, including financial support above legal requirements,” Toyota said.
Is there any law in Putin’s Russia?
*AutoInformed on