VIENNA, March 16. /TASS/. The largest Austrian automaker Steyr Automotive announced suspension of production cooperation with the Russian GAZ Group due to sanctions against Russia.
"So long as joint European measures ban the trade turnover with Russia, cooperation with GAZ will not continue as planned," the Austrian company said.
Contraction of resource deliveries due to termination of business relations between Europe and Russia has the same consequences for Steyr Automotive as for other representatives of the European industry, the company noted. The Austrian motor vehicles producer also faces termination of wiring components’ deliveries from Ukraine for MAN trucks production.