Mazda discussing ending production in Russia - Nikkei
Reuters
Published Sep 24, 2022 10:28AM ET
TOKYO (Reuters) - Japan's Mazda Motor (OTC:MZDAY) Corp is discussing ending production of its vehicles at a joint venture plant in Vladivostok, eastern Russia, the Nikkei newspaper reported on Saturday.
The Japanese automaker, which sold 30,000 cars in Russia last year, said in March that exports of parts to the plant were going to end and production would cease when stocks ran out. It operates the plant with Russian automaker Sollers.
Mazda has not made a decision about ending car sales and maintenance operations in Russia, the newspaper said. There was no timeframe for stopping production at the Vladivostok plant.
A Mazda spokesperson was not immediately available for comment.
Mazda's rival, Toyota Motor (NYSE:TM) Corp, said on Friday that it had decided to end vehicle production in Russia due to the interruption in supplies of key materials and parts.
Many factories in Russia have suspended production and furloughed workers due to shortages of high-tech equipment because of sanctions and an exodus of Western manufacturers since Moscow sent armed forces into Ukraine on Feb. 24.
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Written By: Reuters
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