Milan, April 19 (Reuters)-Carmaker Stellantis (STLA.MI) On Tuesday, it said it had stopped production at its Russian factory due to logistics difficulties and sanctions imposed on Moscow.
The world’s fourth-largest automaker producing and selling Peugeot, Citron, Opel, Jeep and Fiat brands in Russia accounts for only 1% of the domestic car market.
In Kaluga, about 125 miles (201 km) southeast of Moscow, we operate a van manufacturing plant co-owned by Japanese car maker Mitsubishi. (7211.T)Production stopped at the facility earlier this month. read more
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In a statement, Stellantis said, “Manufacturing operations in Kaluga to fully comply with all cross sanctions and protect employees, given the rapid daily increase in cross sanctions and logistics difficulties. Stopped. “
The factory has 2,700 employees.
Stellantis told Reuters that the company will continue to pay its salaries using local downtime and expected vacation periods.
He said he did not know how long the outage would last, adding that his priority was to restore staff and peace.
Stellantis had already stopped all imports and exports of vehicles with Russia after Moscow invaded Ukraine and transferred production to Western Europe. It also said it was a freeze plan for more investment in the country. Van production in Kaluga remained solely for the local market. read more
Numerous foreign companies have announced the temporary closure of Russian stores and factories, or have left the country forever since Russia launched what is called a “special military operation” in Ukraine on February 24th. He said he was.
Carlos Tavares, CEO of Stellantis, said in late March that the group had to close its Kaluga plant soon due to a shortage of parts. read more
Separately on Tuesday, General Motors Co., Ltd. (GM.N) He said he would extend the suspension of operations in Russia due to conflict and international sanctions.
The US automaker, which first stopped importing and commercializing into Russia on February 28, said it had fired most of its 66 employees and provided them with separate packages. GM does not have a factory in Russia and sold only about 3,000 units a year before the shutdown. read more
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Additional report by Ben Clayman of Washington. Edited by Mark Potter and Mark Porter
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