Tuesday, April 19, 2022

Russia’s Last Working Auto Plants Now Idle

Stellantis NV is halting output at its Van factory near Moscow, joining a long list of Industrial companies stopping Production in Russia over the War in Ukraine.

“Given the rapid daily increase in cross sanctions and logistical difficulties, Stellantis has suspended its manufacturing operations in Kaluga to ensure full compliance,” the Maker of Jeep, Peugeot, and Fiat, Vehicles said in a Statement.

Idling the site, which has been operating at a low level for weeks, as parts supplies dried up, halts one of the last functioning automotive factories in the country.

Stellantis last month halted Exports and Imports of cars to and from Russia, but made No mention of the plant churning out some 11,000 commercial vehicles a year.

The War has spurred an Exodus of International Companies from the Russian market, with German Chemical and Consumer Goods maker Henkel AG joining the Withdrawal Tuesday.

Both companies say they will continue to pay Workers in the Country.

Russia’s Offensive in Ukraine has stymied Manufacturing back home, because the growing list of Global Sanctions, is making it more difficult to source key Components. Volkswagen AG, BMW AG, and Ford Motor Co., are among the Global carmakers that have Suspended operations at Factories in the Country.

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