Automakers

Russia approves $140M sale of VW assets, Ifax reports

VW Kaluga Russia 2022
VW's Kaluga plant in Russia has already been sold to Avilon.
R
By:
Reuters
May 16, 2023 08:31 AM

MOSCOW -- Russia's government has approved a deal for Volkswagen to sell its Russian assets to auto dealer group Avilon for up to 125 million euros ($137.6 million), the Interfax news agency reported, citing a source.

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