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Toyota to End Vehicle Manufacturing in Russia

Toyota City, Japan, Sep 24, 2022 - (JCN Newswire via SEAPRWire.com) - Toyota has decided to end vehicle production at its Saint Petersburg plant in Russia.On March 4 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.During this period we have fully retained our workforce and ensured our facility was ready to re-start production if the circumstances allowed. 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.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. 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.We have also determined that our operations in Moscow need to be optimised and restructured--wit...

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Toyota Statement on Russian Local Manufacturing and Vehicle Imports

Toyota City, Japan, Mar 3, 2022 - (JCN Newswire via SEAPRWire.com) - Like everyone around the world, Toyota is watching the ongoing developments in Ukraine with great concern for the safety of people of Ukraine and hopes for a safe return to peace as soon as possible.As a company with operations in Ukraine and Russia, our priority in dealing with this crisis is to ensure the safety of all our team members, retailer staff, and supply chain partners.We are also monitoring global developments and will make necessary decisions as required.The business status of Toyota's European operations is as follows:- Toyota in Ukraine (sales and after sales operations; 37 retail locations) has stopped all activities as of 24 February.- Toyota in Russia (sales and after sales operations; 168 retail locations; and one plant in St Petersburg manufacturing RAV4 and Camry models for the Russian market mainly): Toyota Motor Russia will stop production at its St-Petersburg plant from 4 March and has stopped imports of vehicles, until further notice, due to supply chain disruptions.- Other manufacturing and sales operations in the rest of Europe are not impacted.For more information, visit https://global....