The Ministry of Industry and Trade of the Russian Federation will help the new owner of the Volkswagen plant in Kaluga to restart production, the ministry said. transmits RIA News.
“All shares in the Russian divisions of the concern passed to the new owner, and the jobs of all relevant employees were also preserved. The Russian Ministry of Industry and Trade will provide the new owner with comprehensive support for the speedy resumption of the production site in Kaluga.”
Previously, Volkswagen Group officially announced Art-Finance LLC, a subsidiary of the Avilon dealer holding, became the new owner in the sale of Russian assets.
Buyer Volkswagen Group Rus LLC acquired Volkswagen Components and Services, Scania Leasing, Scania Finance and Scania Insurance, as well as the distribution and aftermarket plant in Kaluga. Volkswagen Tiguan and Polo models, as well as Skoda Rapid, were assembled at the Kaluga plant. The plant has been suspended since March 2022.