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Article

2 Mar 2022

Author:
Satoshi Sugiyama, Reuters

Japan: Honda suspends exports to Russia, more automakers could follow

Honda suspends exports to Russia, more Japanese automakers could follow, 2 March 2022

Honda Motor said...it has suspended exports of cars and motorcycles to Russia, signalling the likelihood more Japanese automakers would join the global swell of companies halting business with Russia after the invasion of Ukraine...

But the response of many Japanese firms has been more muted so far. Honda had suspended exports to Russia...without elaborating when the suspension took effect. The spokesperson said difficulty in shipping vehicles and making payments was the reason for the suspension. The automaker does not have factories in Russia...

Mazda Motor Corp also plans to halt exports of auto parts to Russia, the Nikkei newspaper said. A Mazda spokesperson declined to comment.

Nissan Motor Co Ltd is continuing operations in Russia and is closely monitoring the situation there, a spokesperson said. Its dealerships and offices in Ukraine are closed, the spokesperson said...

Toyota Motor Corp's business in Russia was continuing as normal, although there had been partial disruption to shipments to the country, a spokesperson said.

Mitsubishi Motor Corp said...it may suspend production and sale of its cars in Russia citing potential supply chain disruptions as a result of sanctions on Russia.

Autos and auto parts made up more than half of Japan's exports to Russia in 2020, according to the finance ministry...

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