The war between Russia and Ukraine has brought no good to anyone, as it always does when it comes to violence between nations. The motoring sector is also failing.
A senseless catastrophe that caused by the war between Russia and Ukraine which continues to bleed Eastern Europe and endangers the future of thousands of workers in the long and medium term. Yes, because in addition to military victims, as well as civilians who are losing everything – in some cases even their lives – the world will also have to deal with the possibility that many workers lose their jobs due to the ongoing conflict.
In a world where nuclear weapons could completely destroy the planet in moments, the only weapon available to Ukraine’s political allies to support the nation are economic sanctionsa rope that will tighten around the neck of the nation led by Vladimir Putin: it goes without saying that these extreme measures will not benefit anyone.
Between the collapse of the stock exchanges and the price of oil that exceeds one hundred dollars per barrel, the sanctions announced by the American President Joe Biden they hit heavily all those car-producing brands that, unable to imagine such a crisis, have recently invested in the huge country. One of all is in a really bad situation.
France, Germany and Italy
The brand that will presumably lose the most penalty revenue looks like it owns Renault, which controls the local AutoVaz group and owns factories in Togliatti and Moscow. According to the CEO of the brand, the house is looking for solutions for avoid heavy losses which obviously would not only cause problems for the managers of the brand but also for thousands of workers who, with their employment, bring home the money to live and support themselves.
Another group that risks accusing the effect of the sanctions is Stellantis which announced in these hours that it has blocked the export of over 10,000 commercial vehicles destined for the Russian Federation: although for the moment there have been no large losses, owning an important plant in Kaluga the Stellantis Group is in a very delicate position in these hours.
Kaluga also works Volkswagen Group which has already suffered a fair loss with the accident of a cargo ship in the Atlantic some time ago: the sum of one billion dollars has been invested in the Russian plant which can produce between 120,000 and 150,000 vehicles a year. Finally, they don’t even smile Ford e Mercedes-Benzbrands that own plants in Russia or regularly export cars, vans and components.
A spokesperson for the Mercedes-Benz brand which has a plant with over a thousand employees in the north of Moscow gave voice to the general discouragement of those who hoped to develop an economic activity and are now facing a tragedy: “We are very worried. There is a possibility that sanctions will also affect our factories in Russia “, the words of the German spokesperson.
You might also be interested in -> Drama in the Atlantic, cargo on fire | Thousands of cars on board
–
