Volkswagen is holding talks about promoting its plant in Kaluga, Russia, a 12 months after the corporate stopped manufacturing and export of its autos as a consequence of Russia’s invasion of Ukraine.
“One of the options is to sell the assets of Volkswagen Group Rus, and thus also the plant in Kaluga, to a third party,” an organization spokesman stated on Wednesday. “Talks on this are ongoing and a decision has not yet been finalized.”
Earlier, the Russian news outlet RBK had reported, with out affirmation from both firm, that the Russian automotive dealership group Avilon was seeking to purchase the Kaluga plant. The deal was near being concluded, it stated.
VW stopped manufacturing at its then two factories in Russia in March 2022 towards the backdrop of the Ukraine warfare. The export of autos to Russia was additionally stopped for all group manufacturers.
In May, the group withdrew from manufacturing on the Russian meeting plant in Nizhny Novgorod. Joint manufacturing had been underway there with the carmaker Gaz, whose co-owner Oleg Deripaska is on sanctions lists in reference to the warfare.
Western companies have been leaving Russia since Moscow launched its full-scale invasion of Ukraine a 12 months in the past.
Source: www.anews.com.tr
