GM, Harley-Davidson suspend some business in Russia following Ukraine invasion

General Motors does not have any plants in Russia, but it sells about 3,000 vehicles annually there and has limited supply-chain exposure. 
By : HT Auto Desk
| Updated on: 01 Mar 2022, 06:32 AM
File photo used for representational purpose only (AFP)
File photo used for representational purpose only (AFP)
File photo used for representational purpose only (AFP)
File photo used for representational purpose only

Several automakers such as General Motors (GM) and Daimler Truck have suspended some business in Russia following the country's invasion of Ukraine. As the former country attacked the latter, many firms have idled operations in Russia following Western sanctions against it.

GM has said it would suspend all vehicle exports to Russia until further notice. Though the carmaker does not have any plants in Russia, it sells about 3,000 vehicles annually there and has limited supply-chain exposure. "Our thoughts are with the people of Ukraine at this time," the company said in a statement. "The loss of life is a tragedy and our overriding concern is for the safety of people in the region."

Similar Cars

Find More Cars
Volkswagen Polo (HT Auto photo)
Volkswagen Polo
999 cc | Petrol | Manual | 17.74 kmpl
₹5.83 - 10 Lakhs*Onwards
Volvo Xc40 (HT Auto photo)
Volvo Xc40
1969 cc | Petrol | Automatic (Torque Converter) | 14.49 kmpl
₹41.25 - 41.25 Lakhs*Onwards
Mercedes-benz A-class Limousine (HT Auto photo)
Mercedes-benz A-class Limousine
1332 cc | Petrol | Automatic (Dual Clutch) | 17.5 kmpl
₹39.9 - 43.2 Lakhs*Onwards
Maruti Suzuki Swift (HT Auto photo)
Maruti Suzuki Swift
1197 cc | Petrol | Manual | 23.2 kmpl
₹5.84 - 8.68 Lakhs*Onwards
Maruti Suzuki Baleno Facelift (HT Auto photo)
Maruti Suzuki Baleno Facelift
1197 cc | Petrol | Manual
₹6.5 - 10 Lakhs*Onwards
Hyundai I20 (HT Auto photo)
Hyundai I20
1197 cc | Petrol | Manual | 20.35 kmpl
₹6.8 - 11.43 Lakhs*Onwards

Harley too suspended its business in Russia as the bike maker relied on Europe and the Middle East for 31% of sales last year. It doesn’t break out sales to Russia.

Volvo Cars has also suspended car shipments to the Russia until further notice, becoming the first international automaker to do so. The company justified its action stating that there are "potential risks associated with trading material with Russia, including the sanctions imposed by the EU and US." The carmaker exports vehicles to Russia from plants in Sweden, China and the US. It sold around 9,000 cars in Russia in 2021.

Volkswagen also temporarily suspended deliveries of cars to dealers in Russia until further notice. "Deliveries are to resume as soon as the effects of the sanctions imposed by the European Union and the United States have been clarified," a company spokesperson said in a statement. The carmaker has also halted production for a few days at two of its German factories due to a delay in getting parts made in Ukraine. (Read full report here)

Mercedes-Benz Group is also looking into legal options to divest its 15% stake in Russian truck maker Kamaz as quickly as possible, the Handelsblatt newspaper reported. A company spokesperson said in a statement that business activities would have to be re-evaluated in light of the current events.

(with inputs from Reuters)

 

First Published Date: 01 Mar 2022, 06:27 AM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city