It became known how much AVILON will pay for Russian assets of Volkswagen

Russian authorities agreed on a deal to sell Russian assets of Volkswagen auto concern to the structure of the AVILON dealer holding at a price of up to 125 million Euros. This was reported to the Interfax agency by a source in the market, according to which, AVILON company received permission to acquire a 100% stake in the Russian representative office of Volkswagen (Volkswagen Group Rus LLC), as well as Volkswagen Components and Services LLC, Scania Leasing LLC, Scania Finance LLC and Scania Insurance LLC, which are fully controlled by it.

Recall that in March 2022, local production and import of Volkswagen and Skoda cars to our country were stopped, but the brand was not announced to leave Russian market. Meanwhile, in July 2022, Volkswagen Group Rus closed its office in Nizhny Novgorod and left the production site at GAZ. The plant in Kaluga produced Volkswagen Tiguan crossover, Volkswagen Polo and Skoda Rapid liftbacks. At the facilities of GAZ Group, contract assembly of Volkswagen Taos, Skoda Kodiaq and Karoq crossovers, as well as Skoda Octavia liftback was carried out.