After some fumbling, it appears the offer is done now. VW might lastly leave the dissatisfied plant in Kaluga in Russia. According to a report by “Handelsblatt”, the purchaser is stated to be the Russian automobile company group Avilon.
The strategy is nearly total, they state. This is great news for VW, as the group has actually been pursuing months to leave the Russian organization. Now, nevertheless, the Chinese competitors in Russia can feel their location.
VW offers a plant in Russia
The reality that the VW plant in Kaluga will be offered has actually long been a choice– a minimum of by VW. Quickly after the start of the war in Ukraine, the group chose to withdraw from the Russian production market. In addition to the plant in Kaluga, a little plant in Nizhny Novgorod was likewise on the hit list. At the very same time, nevertheless, a claim from VW’s previous partner Gaz stepped in. In mid-March, all VW possessions in Russia were frozen (we reported).
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However, Gaz lost in court with his claims– and for that reason the plant in Kaluga is moving on. At the minute “it’s practically the last organizational matters,” stated a confidential source to Handelsblatt. Soon prior to or after the Annual General Meeting (10 May in Berlin) it need to depend on now. It is not yet clear just how much cash will originate from this.
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It is rather possible that numerous Chinese cars will likewise be integrated in the Russian factory in the future. The Russian website “mkkaluga.ru” reports that a possible partner for the production of Avilon in Kaluga might be the Chinese cars and truck maker Chery. That would definitely not run out the concern. In January, about 17,000 of the 45,000 freshly signed up cars originated from Chinese producers, according to Handelsblatt.
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