Volkswagen completes Russia exit ...News

Russia Today - Economy
Volkswagen completes Russia exit
source : Russia Today ( News ) () 47
The German carmaker has sold its business to a local dealer, the company has announced The world’s second largest car manufacturer, the Volkswagen Group, has completed the sale of its business in Russia to local auto dealer group Avilon, as part of its exit from the country, VW said in a statement on Friday. The deal has been approved by the Russian government, the company added. The sale includes the flagship Kaluga production plant southwest of Moscow, which employs around 4,000 people and has the capacity to assemble 225,000 vehicles per year. As part of the deal, VW has also sold its distribution and after-sal

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