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Volkswagen stops car production in Russia and suspends shipments

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BM.GE
03.03.22 18:30
517
Volkswagen is stopping production of vehicles in Russia and will suspend exports to the Russian market.

“The Volkswagen Group has received the news about the war in Ukraine with great dismay and shock. Volkswagen continues to hope for a cessation of hostilities and a return to diplomacy. We are convinced that a sustainable solution to the conflict can only be found on the basis of international law,” the carmaker said.

“Against the background of the Russian attack on Ukraine and the resulting consequences, the Group Board of Management of Volkswagen AG has decided to stop the production of vehicles in Russia until further notice. This decision applies to the Russian production sites in Kaluga and Nizhny Novgorod,” it added, noting that vehicle exports to Russia will be stopped “with immediate effect.”

Other car makers, including Ford and Renault, have also paused production in Russia. Jaguar Land Rover and Volvo said they are stopping shipments to Russia until further notice, CNN reports.