Toyota today announced the end of vehicle production at its plant in St. Petersburg, Russia. The decision was made after the automaker decided to suspend plant operations in March.

Toyota In a statement today, it said it suspended production at the plant on March 4 “due to an interruption in the supply of key materials and parts.” However, he did so with the hope that work at the plant that builds the RAV4 and Camry might one day resume. In fact, he retained his workforce to ensure a quick restart of the business.

However, now, after a six-month wait, he says he sees no signs that circumstances are improving in Russia. As a result, Toyota has decided to lay off its employees and has no intention of resuming work at the plant.

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“The decision to stop production Toyota cars in Russia, not the one we took lightly,” the automaker said in a statement. “However, after six months, we have not been able to resume normal operations and see no indication that we can resume operations in the future.”

However, Toyota is not leaving the market completely. He has no intention of building vehicles in St. Petersburg, but he will ensure that his activities in Moscow are “optimized and restructured.” It will focus on retaining staff to support the retail network and service existing Toyota and Lexus customers.

“We want to thank our employees for their hard work and loyalty,” they wrote Toyota in the statement. “In recognition of their valuable contribution, we will offer them re-employment, re-skilling and welfare support, including financial support that goes beyond what is required by law.”

Toyota was one of a number of automakers that suspended or ceased operations Plants of Russia in March. The decisions were made after the country’s invasion of Ukraine the next trade embargo superimposed on it.

Russia’s auto industry has been heavily dependent on foreign investment, with August car sales down more than 60 percent compared to August 2021. Meanwhile, sales in the country fell by almost 75 percent in July, according to reports Reuters.

https://www.carscoops.com/2022/09/toyota-officially-shuts-down-russian-factory-after-pausing-production-last-march/

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