Toyota and Honda Join Growing Corporate Retreat From Russia
(Bloomberg) — Japan’s biggest carmakers threw their heft behind the global corporate pullback from Russia, following the likes of Ford Motor Co. and Exxon Mobil Corp., which are choosing not to do business there after invasion of Ukraine.
Toyota Motor Corp. said it is halting production at its plant in St. Petersburg from Friday, and will halt vehicle shipments to Russia. Honda Motor Co. will stop exports of cars and motorcycles to the nation, while Mazda Motor Corp. is suspending shipments of parts to a plant in Russia, the Nikkei reported.
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