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Hino Motors has canceled its plan to produce trucks in Russia and will sell an assembly plant under construction in the country.
Toyota's truck subsidiary stated that the decision was made after reexamining its overseas operations and the business environment. It stressed that the decision had nothing to do with Russia's invasion of Ukraine or a string of recent scandals.
Hino halted shipments of most of its trucks in the domestic market after becoming embroiled in a series of scandals involving engine data falsification, including those involving its vehicles' emissions and fuel efficiency, putting the company in a precarious position.
A plant in Khimki, Moscow Oblast, that was supposed to open in mid-2020 but was delayed, was supposed to import parts from Japan and assemble around 2,000 vehicles per year. The company intended to spend approximately $14.3 million.
Hino exports vehicles to Russia, but such shipments have been halted due to the conflict in Ukraine.
