Nikkei learned about Mazda's plans to close production in Russia

Mazda is negotiating with Sollers Auto to stop production in RUSSIA, the newspaper found out. Mazda Sollers is a joint venture between two companies

Japanese Mazda entered into negotiations with a local partner to stop production in Russia. it is reported by Nikkei, citing sources.

According to the newspaper, the decision was made against the background of the ongoing conflict in Ukraine, financial sanctions and problems with the supply of spare parts.

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In Russia, Mazda's partner is the Sollers Auto group. Mazda Sollers is a joint venture between the two companies that opened a car manufacturing plant in Vladivostok in 2012. The ceremony was then attended by Russian President Vladimir Putin and Mazda CEO Takashimi Yamanouchi.

The plant produced Mazda CX-9 SUVs, Mazda CX-5 crossovers and Mazda 6 sedans. In 2021, the company produced about 28,000 vehicles, Avtostat reported citing the company. This year, Mazda Sollers planned to increase production to 30,000 units.

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Due to the military operation in Ukraine, Japan banned the EXPORT of cars worth more than 6 million yen (just over 3 million rubles), deprived Russia of the most favored nation status in trade, and also imposed sanctions against a number of defense and technology companies.

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On September 24, the decision to close its plant near St. Petersburg was announced by the Japanese automaker Toyota. The plant went idle at the beginning of March 2022, as explained by the company itself, due to a lack of foreign components. Now it became known that production on it will not resume. Around 2,000 people worked at the Toyota plant in St. Petersburg. During the period of downtime, they received 2/3 of the salary. The authorities have already promised help in finding jobs for people.