GM, Jaguar and BMW are also pulling out of Russia

Several carmakers have announced they will stop deliveries to Russia, with BMW even suspending local car assembly.

It is obviously easier for manufacturers that only supply the Russian market to take such a decision. General Motors, Jaguar-Land Rover and Volvo have already indicated that they will stop exporting to Russia.

The decision is somewhat less straightforward for those companies that have more significant local interests, perhaps even manufacturing capacity, in the country. But BMW, which has a local assembly plant in partnership with a local company called Avtotor, is the first such company to join the ranks of the sanction supporters.

Of course, Russia is trying to slow down the withdrawal of foreign capital, including by introducing legislation banning foreign companies from selling their Russian interests.

For the time being, a new international sanctions regime is still being developed, which will basically determine which foreign interests will remain operational in Russia. The few companies that have built up or acquired significant manufacturing capacity in Russia, such as Renault-Nissan-Mitsubishi, Stellantis and the VW group, could be the hardest hit by the sanctions, as much as the Russians.

Source: totalcar.hu

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2022-03-04

GM, Jaguar and BMW are also pulling out of Russia

Several carmakers have announced they will stop deliveries to Russia, with BMW even suspending local car assembly.

2022-03-04

GM, Jaguar and BMW are also pulling out of Russia

Several carmakers have announced they will stop deliveries to Russia, with BMW even suspending local car assembly.

2022-03-04

GM, Jaguar and BMW are also pulling out of Russia

Several carmakers have announced they will stop deliveries to Russia, with BMW even suspending local car assembly.