Toyota Industries Stock News

By Anna Ringstrom, Tassilo Hummel and Gwladys Fouche (Reuters) - French bank Societe Generale said it was working to cut its risks in Russia, fearing a tit-for-tat response by Moscow to Western sanctions, as more companies from vodka maker Diageo to IKEA suspended business in the country. Brazilian plane-maker Embraer joined Airbus and Boeing in halting parts supplies to Russian airlines, while Lufthansa said it was considering rerouting cargo flights to Asia via Alaska to avoid Russian airspace. "The war has both a huge human impact and is resulting in serious disruptions to supply chain and trading conditions, which is why the company groups have decided to temporarily pause IKEA operations in Russia," IKEA said in a statement. Broadening the spread of corporate responses, IKEA is also one of the first companies to halt business with Belarus, an ally of Russia that has played a supporting role in its invasion of Ukraine. Spirits company Diageo, the maker of Smirnoff vodka and Guinness, said on Thursday said it had paused exports to Ukraine and Russia.

Toyota Motor is one of the latest multinational corporations planning to suspend operations in Russia as tough sanctions are being imposed on the country due to the conflict in Ukraine. (NHK)

German car giant, Volkswagen (VW) said it would stop its vehicle production in Russia “until further notice” and “immediately” halt exports to Russia in light of the attack on Ukraine. VW operated its own car production sites in Kaluga, south-west of Moscow and Nizhny Novgorod, further east. The company on Thursday, announced that production at both sites would be stopped for the time being. No cars from among the VW Group brands, including Audi, Porsche and Skoda would be exported to Russia, it said in a statement. On Wednesday, luxury carmaker Mercedes-Benz said it was halting business with Russia. Selling to or buying from Russian companies had become far harder in the days since the Kremlin launched its invasion due to sanctions imposed by the international community. German carmakers had been particularly hard hit and the conflict had affected for example the provision of wiring harnesses from Ukraine that relayed information and electric power around a vehicle. Several car manufacturers had announced temporarily halts in production at some of their German sites in the past two days.

Toyota Motor will suspend operations in Russia as the assault on Ukraine continues.[© Nippon TV News 24 Japan]http://www.ntv.co.jp/englishnews/

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Toyota Motor Corporation, a Japanese multinational automotive manufacturer said it would suspend operations at its factory in Russia and stop shipping vehicles to the country, citing “supply chain disruptions” linked to Moscow’s assault on Ukraine. Read on

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Toyota suspends operations at several plants after a supplier is hit by a cyberattack.

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The suspected attack forced Toyota, one of the world''s largest auto manufacturers, to suspend operations at 14 of its Japanese plants on Tuesday, impacting the production of about 13,000 vehicles.

Toyota suspends operations at several plants after a supplier is hit by a cyberattack.

A Toyota spokesperson told Reuters that it was a "supplier system failure."