Top automakers halt production in Russia

As nations around the globe slap heavy sanctions on Russia, several top automakers have halted production at their respective facilities in the country and paused exports as Russian forces entered key Ukrainian cities after causing widespread destruction.

Toyota Motor Corporation said it would halt production at its Russian factory, starting Friday.

The company has one plant in St Petersburg that manufactures RAV4 and Camry models, especially for the Russian market.

Daimler Truck said earlier it would halt all of its business activities in Russia, which includes a joint venture with Russian truck maker Kamaz.

Mercedes-Benz, Daimler’s former parent company before it spun off, also said it would divest its 15 per cent stake in Kamaz, reports TechCrunch.

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