In its annual report, Mercedes-Benz revealed that it has €2 billion ($2.18 billion USD at current exchange rates) in assets that could be at risk
Tag: Russia
Suzuki’s Hungarian Factory Will Stop Exporting To Russia And Ukraine
Suzuki’s factory in Hungary has suspended car exports to Russia and Ukraine due to the ongoing war between the two countries. The Japanese car manufacturer
Russia Bans Car Exports, Stellantis And Hyundai Suspend Operations
Russia is retaliating against Western sanctions by enacting an export ban that includes more than 200 items and will last through the end of the
Prolonged War In Ukraine Could Be Worse For Economy Than Pandemic, VW CEO Fears
Herbert Diess, the CEO of the Volkswagen Group, said that a prolonged war in Ukraine could be “very much worse” for the German and European
App Store and iTunes Purchases Reportedly Blocked in Russia
App Store and iTunes purchases have apparently stopped working in Russia, according to latest reports. This means that customers may no longer be able to
Chinese Automakers Could Benefit From Western Sanctions Against Russia
With many Western car manufacturers halting the production and deliveries of vehicles in and to Russia, it is key Chinese automakers that could benefit. China
Lada Halts Production In Russia Due To Sanctions Over Ukraine Invasion
The sanctions following Russia’s invasion of Ukraine are showing their toll in local production with Lada halting operations in the Togliatti and Izhevsk pants on
Lamborghini And Ferrari Suspend Business With Russia, Make Humanitarian Donations To Ukraine
As the crisis in Ukraine continues, two of the biggest supercar makers are making moves to support those affected. Both Ferrari and Lamborghini have decided
Russia Threatens To Nationalize The Factories Of Foreign-Owned Companies That Pause Operations
A senior member of Russia’s ruling party has proposed nationalizing the factories of companies that shut down operations in response to its invasion of Ukraine.
Russian Self-Driving Tech Company Yandex Pauses U.S. Operations
Yandex, a Russian self-driving company, has paused its U.S. operations as Russia’s invasion of Ukraine continues. The company has been testing autonomous robotaxis in Ann