VW plant in Kaluga
Volkswagen is in talks to sell its plant in Kaluga, Russia.
(Photo: dpa)
Volkswagen is in talks to sell its plant in Kaluga, Russia. A company spokesman said on Wednesday that various scenarios for the future of business operations in Russia were being considered. “One of the options is to sell the assets of Volkswagen Group Rus, and with it the Kaluga plant, to a third party,” he said. “The talks are ongoing, a final decision has not yet been made.”
The Russian media RBK had previously reported without confirmation from the two companies that the Russian car trading group Avilon wanted to buy the plant in Kaluga. The deal is close to completion. Against the background of the Ukraine war, VW stopped production in what were then two factories in Russia in March 2022.