The government Foreign Investment Control Commission has approved the sale of the Volkswagen plant in Kaluga, whose assets were previously released. The newspaper writes about it vedomosti citing two sources.
According to the newspaper’s sources, the Volkswagen plant in Kaluga will be acquired by the Avilon auto dealer holding. The value of the deal is not yet known.
According to Vedomosti sources, Avilon is in talks with a possible production partner in Kaluga, including Chinese automaker Chery.
On March 14, the GAZ automobile plant applied to the Nizhny Novgorod District Arbitration Court with a request for termination of the contractual assembly contract with Volkswagen in Nizhny Novgorod. Gorky Automobile Plant demanded compensation of 15.6 billion rubles from him. On March 17, the court granted GAZ’s request to confiscate the German company’s property in the Russian Federation. Already on April 13, the court get away Arrest from all assets of the German company.
Austrian businessman Siegfried Wolf, former chairman of GAZ, presented To the Russian authorities, a project for the production of cars in the Russian Federation. Estimated at 60 billion rubles, the plan includes the production of 270 thousand cars per year at the GAZ plant in Nizhny Novgorod and the Volkswagen plant in Kaluga.