Global auto and truck makers suspended some business in Russia in response to the country’s invasion of Ukraine last week.
GM announced its intent to suspend all vehicle exports to Russia until further notice. The automaker doesn’t have plants in Russia, sells just 3,000 vehicles annually in Russia, and has limited supply-chain exposure.
"Our thoughts are with the people of Ukraine at this time," Gm said in a statement. "The loss of life is a tragedy, and our overriding concern is for the safety of people in the region."
Swedish automaker Volvo Cars suspended car shipments to the Russian market until further notice, becoming the first international automaker to do so.
The company reported that it made the decision because of "potential risks associated with trading material with Russia, including the sanctions imposed by the EU and US. Volvo Cars will not deliver any cars to the Russian market until further notice.”
The carmaker exports vehicles to Russia from plants in Sweden, China and the United State and sold about 9,000 cars in Russia in 2021, based on industry data.
Volkswagen in Russia temporarily suspended deliveries of cars to dealers until further notice. "Deliveries will resume as soon as the effects of sanctions imposed by the European Union and the United States have been clarified," a VW spokesperson said.
Daimler Truck announced it would freeze its business activities in Russia immediately, including its cooperation with Russian truck maker Kamaz , which is 47% owned by Russian state conglomerate Rostec.
Mercedes-Benz Group reports it’s investigating legal options to divest its 15% stake in Kamaz as quickly as possible, reported the Handelsblatt newspaper. The automaker will reevaluate business activities in light of the current events, reported a company spokesperson.
U.S. truck engine maker Cummins Inc. said it expected "some impact" to its business in Russia without providing further details. Cummins entered an agreement to produce engines for Kamaz's fleet of trucks, buses and other heavy machinery in 2016.
Swedish truck maker AB Volvo has halted all production and sales in Russia. Currently, the company reports 3% of its sales in Russia and has a factory there.
U.S. automaker Ford Motor Co. hasn’t announced its plans, yet. Ford has a 50% stake in three Russian plants and reported it is working to manage impacts on its operations. A company spokesperson said its primary focus is the safety of its employees there.
U.S. airplane manufacturer Boeing has paused operations at its Moscow Training Campus and temporarily closed its office in Kyiv.
Originally posted on Auto Dealer Today