Another foreign auto giant is thinking about leaving Russia
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The Volvo Group, which has stopped producing trucks in Russia since the end of February, does not rule out the option of a full or partial sale of its business in Russia. It is reported “Vedomosticiting a company source.
It is noted that the Swedish concern is considering various options for optimizing business in the Russian Federation. Now the Russian assets of the company are a factory for welding and painting cabins, an assembly plant in Kaluga with a capacity of 15,000 pieces of equipment per year, as well as four service centers for servicing them in different cities of the country.
The top manager of a car factory in the CIS said that the company had sent for consideration a proposal to buy out the entire Russian business. It is possible that Volvo will enter into a deal before the end of the year or during the first quarter of 2023.
The day before it was reported that the sale of its Russian plant thought South Korean automaker Hyundai.
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