BMW suspends operations in Russia

BMW suspends operations in Russia

BMW suspends operations in Russia. The news comes after other carmakers like Ford, Volkswagen, GM did the same. This decision refers to the delivery of vehicles to the Russian market, but also to the cessation of production in Kaliningrad.

“We condemn the aggression against Ukraine and follow further developments with great concern and horror. Due to the current geopolitical situation, we are stopping local production and exports to the Russian market until the next decision,” a BMW spokesman said.

Russia is a growing market for BMW, which in partnership with Avtotor, assembles cars for the Russian market in a joint factory. Also, BMW has subcontractors in Ukraine from whom it gets some car parts. In 2021, about 12,000 cars were assembled, while about 47,000 BMWs were exported to Russia.

The company announced that due to the current situation and the difficult supply of parts, it is suspending work in Russia. BMW’s business is not only affected in Russia but also in other countries, such as the UK, where BMW owns the British automotive marque Mini.

Volkswagen recently announced that it is suspending production in Dresden and Zwickau, also due to problems with the supply of electronic parts from Ukraine, where the company owns two factors.

Source: BMW