Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

Toyota is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. Toyota is one of the largest automobile manufacturers in the world, producing about 10 million vehicles per year.

Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
5155
Car Dealerships
168
Staff
4201
Capital, mln.USD
1235
Glob.Revenue, mln.USD
228461
Assets, mln.USD
1361
Taxes, mln.USD
20

Toyota Motor Manufacturing Russia (TMMR) is one of Toyota's vehicle production bases in Europe. It is located in Shushary, Saint Petersburg, Russia, and has been manufacturing the Camry (since 2007) and the RAV4 (since 2016).

The Company Statement
January 20, 2023

Initially stopped production at its St. Petersburg plant and stopped imports of vehicles; no statement about retail operations and services inside Russia. 23.09.2022: Toyota Motor decided to close its factory in Russia. But at the end of 2022 the Toyota concern was the first automaker to resume direct deliveries of spare parts to Russia. "We are talking about details that did not fall under the sanctions". Also, the Russian daughter of Toyota Motor (the official supplier of products in the Russian Federation) allowed its dealers to parallel import spare parts that are subject to restrictions, such as electronics.

March 16, 2023Toyota may transfer the plant in St. Petersburg to NAMI
November 23, 2022Toyota closes plant in Russia and lays off employees
September 30, 2022Toyota Ends Russian Manufacturing
September 23, 2022Toyota Motor to close its factory in Russia
September 23, 2022Toyota stops production in the Russian Federation, but does not leave the market
June 09, 2022Toyota supports humanitarian efforts to help Ukraine emergency situation
May 02, 2022Toyota suspends production and deliveries to Russia
March 03, 2022Toyota statement on Russian local manufacturing and vehicle imports
All company names used on this web page are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.