July 16, 2024
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Business Worldwide

Honda suspends exports to Russia, more Japanese automakers could follow

Published by
Reuters UK

By Satoshi Sugiyama TOKYO (Reuters) – Honda Motor said on Wednesday it has suspended exports of cars and motorcycles to Russia, signalling the likelihood more Japanese automakers would join the global swell of companies halting business with Russia after the invasion of Ukraine. Western companies have spurned Moscow following the invasion, stopping sales in Russia and even saying they would exit investments there. Ford Motor and other global automakers have already said they would suspend operations. But the response of many Japanese firms has been more muted so far. Honda had suspended export…

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