article thumbnail

Volkswagen and Toyota stop production of vehicles in Russia

Green Car Congress

Against the background of the Russian attack on Ukraine and the resulting consequences, the Group Board of Management of Volkswagen AG has decided to stop the production of vehicles in Russia until further notice. Vehicle exports to Russia will also be stopped with immediate effect.

Russia 284
article thumbnail

Rivian links supply chain woes to ongoing Ukraine-Russian conflict

Teslarati

In its 10-K filing on Thursday, March 31, Rivian stated that the ongoing Russian invasion of Ukraine has impacted its business and operations. Rivian noted that its ability to develop and manufacture vehicles of sufficient quality on time and at a large scale is still unproven. The Teslarati team would appreciate hearing from you.

Ukraine 138
article thumbnail

Tesla stops sale of bonds backed by vehicle leases as market maintains unpredictability

Teslarati

Tesla has stopped the offering of more than $1 billion in bonds backed by vehicle leases on its cars as market conditions continue a trend of unpredictability, a report from Bloomberg said. Some issuers are pausing financing plans until market conditions have stabilized. Affirm Holdings Inc.

Market 135
article thumbnail

GlobalData: Russian nickel sanctions would slow electric vehicle adoption

Green Car Congress

Sanctioning Russian nickel will slow the adoption of electric vehicles (EVs) and hinder the decarbonization of Western economies, according to GlobalData. The evolving situation in Russia and Ukraine has already caused unprecedented increases in the price of nickel. Trading had yet to resume as of 10 March.

article thumbnail

Ford suspending JV operations in Russia

Green Car Congress

As part of the global community, Ford is deeply concerned about the invasion of Ukraine and the resultant threats to peace and stability. The company noted that while it has no significant operations in Ukraine, it does have a strong contingent of Ukrainian nationals working at Ford around the world. —Ford Motor statement.

Russia 283
article thumbnail

Large differences among the recent increases in the cost of powering gasoline, diesel, and electric vehicles

Green Car Congress

This post examines the recent changes in the costs of powering gasoline, diesel, and electric vehicles. Therefore, the recent jump in oil prices (because of the war in Ukraine), should have only a relatively small indirect effect on the cost of electricity.

article thumbnail

AVTOVAZ trying to work around Renault pull-out

Green Car Congress

The LADA brand leads on the Russian automotive market with more than 20% market share and is also present in 20 countries. AVTOVAZ Group is aimed to fulfill its obligations towards its employees, suppliers, dealers and partners throughout the Russian Federation and export markets.

Russia 432