Chinese automaker may take over VW plant in Russia – media ...News

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The German company is in the final stages of selling its main car factory in the country, according to Kommersant Chinese car manufacturer Chery could soon launch production at a former Volkswagen factory in Kaluga, to the southwest of Moscow, Kommersant reported on Thursday citing sources familiar with the matter. The newspaper also revealed that a deal to sell the Russian assets of South Korean automaker Hyundai Motor was almost complete. Volkswagen, along with other major foreign auto manufacturers, suspended operations in Russia last year as Western countries imposed sanctions over the conflict in Ukraine. Its

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