GAZ again filed a lawsuit against Volkswagen for 15.6 billion rubles
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The Arbitration Court of the Nizhny Novgorod Region received a claim from the Gorky Automobile Plant (GAZ) against the German automaker Volkswagen for 15.6 billion rubles, should from the files of arbitration cases. In March, the court seized Volkswagen property in Russia at the group’s claim for a similar amount, but then lifted the arrest.
GAZ’s lawsuit against Volkswagen was the third in recent times, the plant filed it on May 5. The amount of claims under the application is 15.575 billion rubles.
On March 17, the Arbitration Court of the Nizhny Novgorod Region arrested the property of Volkswagen AG in Russia at the suit of the GAZ group to recover 15.6 billion rubles from the German automaker. The lawsuit was filed due to the early termination of the agreement between the parties on the contract assembly of German vehicles at the group’s site in Nizhny Novgorod. This agreement was terminated in August 2022 – three years ahead of schedule – due to the entry into force of US Treasury sanctions against the Russian company.
On April 3, the court lifted the arrest on objects of real and movable property of Volkswagen Group Rus (FGR, the Russian structure of Volkswagen AG). A week later, GAZ filed a new lawsuit against Volkswagen – already for 28.4 billion rubles. But even in this case, the court refused to take interim measures, including seizure of property.
At the end of April, the government commission for the control of foreign investment approved the sale of the Volkswagen plant near Kaluga, two sources familiar with the decision of the advisory body told Vedomosti. According to them, the asset will be sold to the auto dealer holding “Avilon“. The cost of the upcoming deal is not known to them.
The interlocutors of Vedomosti, who are familiar with the course of the process, linked the claim of GAZ with the intention to stop the process of selling the Kaluga site to Volkswagen. According to two of them, in addition to Avilon and AFK, the Austrian businessman Siegfried Wolf, who in 2010-2020 could also claim the asset. Headed the Board of Directors of the GAZ Group.
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