Ferrari and Lamborghini have shut down exports to Russia. The Italian supercar brands are the latest motor industry partners to halt exporting cars to Russia in response to its invasion of Ukraine.
Monday, March 14, 2022 at 11:29 AMFerrari and Lamborghini are the latest carmakers to suspend exports to Russia in response to the country's invasion of Ukraine
Ferrari will also donate €1 million to support Ukrainians in need, while Lamborghini said the company is preparing a donation to the UN Refugee Aid foundation, which the Volkswagen Group has been a longstanding partner The Italian carmakers join Ford, Mercedes, Renault, Toyota, Volkswagen, Porsche, Skoda and Volvo who have halted producing and exporting cars to Russia as the invasion of Ukraine continues by Russian forcesFamous Italian sportscar brands Ferrari and Lamborghini are the latest automotive brands to announce halting exports to Russia. The announcements come off the back of Russia's invasion of Ukraine, which has been over 1,5 million Ukrainians displaced.
Several carmakers who manufacture vehicles in Russia have suspended operations as Western-led sanctions have forced companies to prematurely stop the production and retail of goods and services in Russia.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
No more smoking guns: British American Tobacco officially pulls out of Russia | Fin24The multinational cigarette manufacturer said on Monday morning it reviewed its presence in Russia in a 'highly complex, exceptionally fast-moving and volatile' context, and that it prided itself on its 'values and ethos'. | Fin24
Read more »
Russia pleads for Chinese aid: Ukraine Update: Russia Asking China for Military Aid, U.S. Says(Bloomberg) -- Russia has asked China for military equipment to support its invasion of Ukraine, a U.S. official said, sparking concern in the White House that Beijing may undermine efforts to help Ukrainian forces defend their country.
Read more »
US consumers think brands should reconsider Russian business - IT-OnlineSixty percent of US consumers believe that brands should reconsider doing business in Russia or partnering with Russian companies in response to the country’s invasion of Ukraine, according to Gartner. A Gartner survey of 281 consumers based in the US between 25 February and 1 March 2022 found that nearly three-quarters of US consumers are […]
Read more »
IN BRIEF: Developments in the Russia-Ukraine conflict - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.British finance minister Rishi Sunak called on more British companies on Sunday to wind down their existing investments in Russia and said new investments should be halted after President Vladimir Putin's decision to invade Ukraine.
Read more »
US and China talks in Italy to focus on Ukraine warBeijing, a key trading partner of Russia, has refused to call Russia’s attack an invasion but is seen as important to halting the onslaught
Read more »
Downs make Pitso’s CAF task difficult | CitypressAs for Mosimane, the defeat could not have come at a worse time, as he has just signed a new contract with Al Ahly
Read more »