New Truck maker Volvo stops production and sales in Russia

gothenburg Affected by the war in Ukraine, Swedish business vehicle maker Volvo has actually briefly stopped production at its Kaluga plant in Russia and stopped sales in Russia. “The choice works right away and uses till more notification,” a business representative stated on Monday.

700 staff members operate at the factory in southern Moscow. Another 600 staff members operate in sales, repair and maintenance in Russia. In general, sales in Russia and Ukraine represented 3.5 percent of the group’s overall net sales, a Volvo representative stated.

Despite a basic absence of chips, the industrial vehicle maker saw increased sales and earnings in 2015. The worldwide supply of semiconductors and other elements continued to trigger problems for the group and likewise led to production blockages. Volvo takes on the similarity Daimler Trucks and Volkswagen subsidiary Traton.

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