The Kaluga facility, once set to produce Volvo trucks through 2022, is moving toward new ownership under the Industrial Investments group of companies, tied to businessman Dmitry Strezhnev. This development was shared by a source familiar with the ongoing negotiations, and reported by Interfax as the talks progressed.
The parties to the deal reportedly include the recently formed Automobile Motor Society JSC (AMO). The structure is said to be exploring partnerships with the Ural automobile plant and may inviting participation from a partner in an Asian country in the future. This broader network aligns with plans to reboot the factory and expand collaboration across regional automotive players.
A company spokesman indicated that fresh investment would drive the plant’s restart and push localization to levels that meet current legal requirements. The aim is to bring production back online in the Kaluga region in the near term, with personnel being integrated into the AMO framework as the organization progressively absorbs the Kaluga facility into its operations. AMO itself is described as increasingly aligning with the Industrial Investments group, signaling a phased integration strategy.
News about the Kaluga plant follows reports that Dmitry Strezhnev previously held a controlling stake in the Kaluga Volvo truck plant, as noted by the Telegram channel “Russian car.” The official channel for the Kaluga region’s administration confirmed on its VKontakte page that Industrial Investments had become the new owner of the former Volvo factory, marking a significant shift in ownership and strategic direction. The transition is framed as part of a broader activity in the Russian automotive sector, where several plants have recently announced new directions and partnerships in response to market and regulatory changes.
Earlier, in another regional development, Kaliningrad’s Avtotor announced the initiation of BAIC X7 crossover production, illustrating the ongoing evolution of Russia’s car-making landscape and the role different regional hubs play in the national industry. The shift at Kaluga sits within this larger pattern of reorientation and investment across the industry, as companies seek to optimize localization, supply chains, and manufacturing resilience across diverse locales and partner networks. The unfolding moves highlight a push to consolidate manufacturing capabilities while expanding collaboration with both domestic and international partners to meet evolving demand and regulatory standards. In this broader context, observers will watch how AMO’s formation and its ties to the Industrial Investments group influence the future cadence of production, employment, and regional economic activity in Kaluga and beyond. [Source: Interfax, regional announcements]
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