has more to lose than most global companies from the war in Ukraine.
Chief Executive
Herbert Diess
said Tuesday the conflict put the German car maker’s outlook for 2022 “into question.” Subject to that caveat, the company expects to sell between 5% and 10% more vehicles this year, following two years of shrinkage due to the pandemic and semiconductor shortage.
The company delivered about 205,000 passenger cars and 11,000 commercial vehicles to Russia last year—2.4% and 4.2% of its respective totals. This month it suspended its two factories there as well as exports, though it continues to supply spare parts to the country and pay 80% of the wages of its local employees.
Its Russian assets are now at risk of…
