Russia

Major automaker to shut down plant in Russia

6 days ago   |   By RT

Toyota will retain after-sale services and a dealer network in the country
Japanese automaker Toyota has decided to shut down its plant in St. Petersburg, Russia's Ministry of Industry and Trade said in a statement on Friday.
The company vowed to fulfill all of its social obligations and promised extra payouts to its employees, according to the statement. The automaker will continue to provide after-sale services of Toyota and Lexus cars and maintain a dealer network in the country.
The news was first reported earlier on Friday by the newspaper Kommersant, citing sources in the company...
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