Thursday, June 30, 2022
WorldRussia Threatens to Automate Foreign Auto Plants will Nationalize

Russia Threatens to Automate Foreign Auto Plants will Nationalize

Russia, which has invaded Ukraine, has been at war for more than two weeks. Many countries around the world have condemned Russia’s invasion and imposed sanctions on it.

As part of this, foreign automakers operating in Russia such as Toyota, Volkswagen, Jaguar, Land Rover, Mercedes Benz, Ford, and BMW have suspended production and exports of their vehicles.

Russia has publicly threatened to nationalize all of its factories if foreign companies do not resume production.

Hyundai has said it will halt production due to the war and will resume production soon.

Read Also | White House warns Russia could launch chemical weapons attack on Ukraine

Companies like Renault and AvtoVAZ have also announced that they will start production.

Most vehicles sold in Europe and the West are manufactured and exported in Russia and Ukraine. In this situation, Russia’s threat has made the world fearful.

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