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Carmakers shut factories and freeze sales as invasion fallout spreads
Ten major car and motorcycle groups announced factory closures or froze sales to Russia as the industrial fallout from the country’s invasion of Ukraine spread on Wednesday. Porsche and BMW became the latest carmakers to shut European plants because of a lack of parts from Ukraine, while Toyota, Mercedes-Benz, and Hyundai, which is one of the largest brands in Russia, said they would cease manufacturing in the country. Ford, Renault, and BMW have already closed Russian plants.