After the invasion of Ukraine by Russia, Volkswagen AG announced it will suspend its vehicle exports to that country until further notice. The company is also halting production at its facilities in Kaluga and Nizhny Novograd in addition to other facilities.
Volkswagen formed a crisis management team as soon as Russia invaded Ukraine. The initial hostilities caused a bottleneck in deliveries for the company’s Ukraine-based suppliers, the company previously told FOX Business.
A temporary suspension of electric vehicle production had already been imposed at the company’s plants in Germany’s Zwickau and Dresden prior to its latest announcement. Volkswagen Commercial Vehicles has warned that it expected production restrictions at its Wolfsburg plant and production stops at its Hanover plant.
Along with Volkswagen, BMW and Mercedes-Benz have both announced that their vehicle exports into Russia and production in Russia are to be suspended. Until further notice, Daimler Truck AG has also decided to discontinue all its business activities in Russia.
Ford has also notified its joint venture partner Sollers of its decision to suspend its operations in the country. General Motors and Volvo have chosen to suspend exports of their vehicles until further notice.