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Mitsubishi halts production at Russian plant it co-runs with Stellantis

Economic systemApr 08, 2022 01: 17PM ET

© Reuters. FILE PHOTO: The emblem of Mitsubishi Motors Corp is displayed at the firm’s showroom in Tokyo, Japan January 18, 2019. REUTERS/Issei Kato

(Reuters) -Jap automaker Mitsubishi Motors (OTC:) mentioned on Friday it had stopped production at a Russian van plant in Kaluga that it owns with Stellantis till extra scrutinize, becoming a member of alternative fundamental carmakers that get halted operations in Russia.

“Attributable to the logistical difficulties, vehicle exports and parts present to Russia had been suspended since March,” Mitsubishi mentioned in a assertion.

Japan has joined the USA and other allies in slapping extra sanctions on Russia, alongside with freezing assets of the nation’s leaders and three financial institutions, to punish Russia for what Moscow calls “a clear militia operation” in Ukraine that started on Feb. 24.

Stellantis, the sphere’s fourth largest automaker, mentioned in gradual March it might per chance really well presumably get to shut the Kaluga plant rapidly as it become once working out of parts.

It become once not immediately particular whether or not Stellantis had halted its operations too in Kaluga.

The firm, which had earlier suspended all exports of vehicles to Russia as well to all imports from Russia, become once not immediately available for commentary on Friday.

Stellantis has moreover mentioned it become once shifting its most neatly-liked production to western Europe and freezing plans for extra investments in Russia, while keeping van production in Kaluga beautiful for the native market.

Unique automobile sales in Russia fell 62.9% one year-on-one year in March, contracting for a ninth straight month, as the business encountered an acute shortage and soaring prices triggered by a interesting rouble drop and disrupted logistics.

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