OEMs end production in Russia over Ukraine invasion and mounting economic pressure

Ukraine border

The Russian Federation has received a historic international response after launching a full-scale Ukraine invasion on February 24. As governments and supranational authorities look to macerate the Russian economy, several global vehicle manufacturers have ceased operations in Russia amid the ongoing conflict.

Volkswagen  

Volkswagen announced on Thursday that it would be stopping its business in Russia as the war continues.  

Production at Volkswagen’s Kaluga and Nizhny Novgorod sites will be suspended until further notice, and vehicle exports to Russia have ended with immediate effect, the company said.

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