Automakers Suspending Shipments to Russia
GM suspended deliveries of vehicles to Russia, joining several other automakers in the move. Several automakers announced they would suspend business dealings in Russia in the wake of the country’s attack on Ukraine. General Motors, Volvo Cars, Volkswagen and Daimler Truck all ended vehicle shipments to the country as other manufacturing and industrial giants also quickly shut down operations or cut ties to Russian businesses. GM said Monday it is suspending its vehicle exports to Russia indefinitely. Its Russian business isn’t massive, about 3,000 vehicles annually, according to Reuters. The company used to have production and sales operations in the country. However, it started pulling out of Russia in 2015 and sold off its remaining stake to Avtovaz in 2019 — the same year Ford announced plans to leave the market. “Our thoughts are with the people of Ukraine at this time,” GM said in a statement. “The loss of life is a tragedy and our overriding co...