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Article

27 Feb 2022

Author:
Ben Klayman, Reuters

Automobile & tire companies to shut or shift manufacturing operations following Russia's invasion of Ukraine

"Automakers idle production following Russia's invasion, other firms also scramble", 25 February 2022

Several companies, including automakers Volkswagen and Renault and tire maker Nokian Tyres...outlined plans to shut or shift manufacturing operations following Russia's invasion of Ukraine...

Germany's Volkswagen said it would halt production for a few days at two German factories after a delay in getting parts made in Ukraine.

France's Renault said it would suspend some operations at its car assembly plants in Russia next week due to logistics bottlenecks caused by parts shortages...

Russian carmaker Avtovaz, controlled by Renault, also said it might suspend some assembly lines at a plant in central Russia for one day, on Monday, due to a persistent global shortage of electronic components. Avtovaz also did not mention the invasion in its statement...

Finnish tire maker Nokian said it was shifting production of some key product lines from Russia to Finland and the United States to prepare for possible further sanctions following the invasion...

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