Search results: volkswagen

• 31 july 2023, 13:14

  Volkswagen disclosed the cost of the sale of Russian assets

  The German automaker Volkswagen has published its financial statements for the first half of 2023. According to the document, the value of the transaction for the sale of a 100% stake in Volkswagen Group Rus LLC and four companies controlled by it to the Russian Art-Finance amounted to 125 million euros. 

• 23 may 2023, 11:26

  Volkswagen announced the sale of Russian assets to the dealer "AVILON"

  German auto concern Volkswagen has completed the sale of its Russian assets, including the car plant in Kaluga, to the structure of AVILON dealer, Art-Finance. Volkswagen Group completed the sale of its shares in Volkswagen Group Rus LLC, including subsidiaries (Volkswagen Components and Services LLC, Scania Leasing LLC, Scania Finance LLC, Scania Insurance LLC) to the structure of Russian dealer Avilon "- Art-Finance LLC," the automaker said in a statement.

• 19 may 2023, 14:51

  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.

• 17 april 2023, 13:54

  The court removed the arrest from all Volkswagen assets in Russia

  Arbitration Court of Nizhny Novgorod Region removed the arrest from all assets of German company Volkswagen in Russia in the first claim of the Gorky Automobile Plant in the amount of more than 15.5 billion rubles, and also refused to GAZ to secure the second claim against Volkswagen.

• 12 april 2023, 10:35

  GAZ filed a second lawsuit against Volkswagen for 28.4 billion rubles

  Gorky Automobile Plant filed a second lawsuit against Volkswagen concern in the Arbitration Court of Nizhny Novgorod Region - this time with claims in the amount of 28.4 billion rubles. Its details, in addition to the amount of claims, are not given in the case card. The press services of GAZ and the Russian representative office of Volkswagen do not comment on the situation, writes the Interfax agency.

• 6 april 2023, 07:31

  The court removed the arrest from Volkswagen plant in Kaluga

  The Arbitration Court of Nizhny Novgorod Region partially removed the arrest from Russian real estate and Volkswagen equipment, including the plant in Kaluga. The assets were arrested at the suit of the GAZ Group, which demanded to recover 15.6 billion rubles of losses and cancel the termination of the agreement on contract assembly of Skoda and Volkswagen cars at GAZ. 

• 3 march 2023, 14:21

  Media: AVILON may buy Volkswagen plant in Kaluga

  Auto dealer "AVILON" has become the main contender for the purchase of Kaluga plant Volkswagen. This was reported by RBK with reference to its sources, according to which, the final approval of the transaction should take place on March 3rd. Officially, this information is not commented on in the auto holding.

• 1 march 2023, 13:25

  Volkswagen intends to block the export of cars to Russia from China

  German automaker Volkswagen has banned Chinese plants from delivering cars to Russia, thereby trying to counteract the import of its models from China. To combat unwanted exports to Russia, Volkswagen has also generated a system of "blacklists" that include Chinese car dealers who are seen as having links with Russia, according to the German publication Handelsblatt.

• 8 february 2023, 13:30

  AFK Sistema may buy Volkswagen plant in Kaluga

  AFK Sistema is interested in plant purchase of the German automaker Volkswagen in Kaluga. Allur, a company from Kazakhstan, is also involved in the deal, which, among other things, produces cars and has Chinese shareholders associated with the release of Volkswagen in China.

• 18 november 2022, 14:55

  In Russia dealers began to sell electric crossover Volkswagen ID.6 X

  Some dealers have begun the accepting of orders for the new Volkswagen ID.6 X electric crossovers, which were delivered to our country from China under the parallel import scheme. So, one of the Moscow dealers offers Volkswagen ID.6 X at a price of 4.85 million rubles.

• 10 november 2022, 09:59

  Volkswagen will sell Russian assets to Porsche, MAN and Scania

  German auto concern Volkswagen AG will sell the Russian assets of its Porsche, MAN and Scania brands. According to Volkswagen AG report, in the third quarter Porsche considered options for its presence in the Russian market, including the sale of its three subsidiaries in Russia to an independent third-party investor.

• 26 october 2022, 12:27

  Sedan Volkswagen Bora became available in Russia

  Moscow Volkswagen dealer has begun the accepting of orders for a pre-reform Chinese-made Bora sedan, although this year the four-door has undergone a restyling. Apparently, a batch of 295 cars was delivered from China under the parallel import scheme, as this model was not previously presented in our country, and Volkswagen officially suspended its activities in the Russian market since March of this year. 

• 29 july 2022, 12:42

  Volkswagen may sell plant in Kaluga

  The German automaker Volkswagen has begun preparations for the sale of its plant in Kaluga. According to Gazeta.Ru citing its sources, the company has already been visited by two delegations of potential buyers from Kazakhstan and Austria, as well as representatives of the Ministry of Industry and Trade. The Russian office of Volkswagen did not comment on this information.

• 22 july 2022, 09:48

  Volkswagen introduced the new generation Amarok pickup

  Volkswagen has officially unveiled the second-generation Amarok pickup, which will go on sale before the end of the year. The main markets for it will be Australia, New Zealand, Africa, the Middle East and Europe, and the production will be established in South Africa. 

• 30 may 2022, 11:48

  Volkswagen may stop the assembly at GAZ facilities

  The entry into force of US sanctions against the GAZ Group will lead to the fact that the company will not be able to continue the assembly of Volkswagen and Skoda cars at its site in Nizhny Novgorod. Recall that in 2017, even before the imposition of sanctions, the contract was extended until 2025, and now Volkswagen will be forced to break it, the Kommersant newspaper writes.

• 27 may 2022, 11:54

  Volkswagen will not resume the production in Russia in the nearest future

  Volkswagen will not resume the car production in Russia in the nearest future. However, the closure of sites in Nizhny Novgorod or Kaluga is out of the question. This is reported by Autonews.ru with reference to the letter from Volkswagen Passenger Cars, which was received by Russian dealers.

• 11 may 2022, 11:19

  Volkswagen may resume the production in Nizhny Novgorod in September

  Volkswagen has decided to extend the suspension of production at the facilities of the Gorky Automobile Plant until September. This is reported by the NN.ru portal, citing its sources, according to which the company will retain all personnel - employees will be paid monetary compensation in the amount of 2/3 of the standard salary. 

• 14 april 2022, 14:30

  Volkswagen in Russia: leave or stay

  On March 3rd, the German brand Volkswagen, due to the current geopolitical situation, suspended the production of its cars in Kaluga and Nizhny Novgorod. Also, deliveries (both passenger cars and light commercial vehicles) to our country were suspended. Against the backdrop of this event, reports began to appear that Volkswagen could leave the Russian market.

• 2 march 2022, 12:22

  Volkswagen has suspended shipments of cars to Russian dealers

  Volkswagen Group Rus has suspended the shipments of vehicles located in Russia to local dealers. This was reported in the press service of the company, by noting that we are talking only about cars that are already in the Russian Federation, and there has been no information about limiting supplies from abroad.

• 1 march 2022, 11:23

  Volkswagen reduced the sales by 24% in Russia in January of 2022

  Russian dealers of Volkswagen sold 4,317 cars in January, which is 24% lower than a year before. As a result, Volkswagen ranked the sixth in terms of sales among all automakers in Russia, and the market share of the brand was 4.7% against 5.9% a year before, according to the AEB.