Renault halts Moscow production, Daimler cuts ties with Kamaz
Renault has suspended production at its Moscow plant from 28 February to 5 March due to some interruptions in the supply of chip components, Kallanish reports.
“Disruptions are primarily related to the strengthening of border regimes in transit countries and the forced need to change a number of established logistics routes,” the carmaker claims. “We are working on finding a solution for the speedy resumption of production.”
The ongoing shortage of electronic components has also driven Russia’s AVTOVAZ to start the working week with a downtime of all assembly lines at its main site in Tolyatti.
Renault Group, which holds a 67.61% controlling stake in AVTOVAZ, announced earlier that the company’s plants in Russia may encounter problems in the supply of components due to sanctions led by Russia’s attack to Ukraine.
Some Russian media report that Volkswagen has suspended operations for an indefinite period in the region of Kaluga. However, the Germany carmaker denied such claims.
“At the moment, we are closely monitoring developments and assessing the degree of impact of the situation on our business,” it tells Kallanish. “The Volkswagen Group has taken note of the news about the situation in Ukraine with great concern and hopes for a speedy cessation of hostilities and a return to diplomacy. Our production in Kaluga at the moment, it is working as usual.”
The Russian factories of Hyundai, Nissan, Toyota and Avtotor, as well as the Ulyanovsk Automobile Plant are operating as normal. Stellantis said that the PSMA Rus plant and brands are operating as usual, and the company is monitoring the situation daily.
However, Daimler Truck confirmed it has cut ties with Russian truck maker Kamaz. “After almost 12 years of cooperation, Daimler Truck is suspending all cooperation with the Russian car manufacturer Kamaz due to the result of the war in Ukraine,” the company says in a note. “The Daimler Kamaz Rus joint venture will not build a single truck and will not supply components for Kamaz.”
Daimler Truck’s parent company Mercedes-Benz is reportedly exploring the possibility of selling its 15% stake in the Russian company.
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Anonymous
Very good overview of the weekly steel market.
Anonymous