RATI:PARTNERSHIPS-MA

VW completes sale of Kaluga plant in Russia

May 19, 2023 by nadime dust Leave a Comment

BERLIN, May 19 (Reuters) – Volkswagen (VOWG_p.DE) has completed the sale of its Kaluga production plant in Russia and its local subsidiaries, the German carmaker said on Friday, ending months of wrangling with Russian authorities over the deal. Volkswagen has sold its shares in Volkswagen Group Rus LLC to Art-Finance LLC, which is supported by … [Read more…]

Russia approves sale of Volkswagen assets for about $140 mln

May 16, 2023 by nadime dust Leave a Comment

Russia approves sale of Volkswagen assets for about 0 mln

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, May 16 (Reuters) – Russia’s government has approved a deal for Volkswagen (VOWG_p.DE) to sell its Russian assets to autodealer group Avilon for up to 125 million euros ($137.6 million), the Interfax news agency reported on Tuesday, … [Read more…]