Home » Business » Audi, Volkswagen, and Skoda Confirm Continuation of Operations in Russia Amid Sanctions

Audi, Volkswagen, and Skoda Confirm Continuation of Operations in Russia Amid Sanctions

Audi, Volkswagen and Skoda have issued a statement saying they are staying in Russia.

However, due to sanctions, they cannot carry out their activities on the territory of the Russian Federation under their own brand, so now the official representative offices of the automaker will be called AGR Automotive Group, according to the official public. Skoda Russia в VK.

Recall that earlier the media reported on the sale of Volkswagen of all its Russian assets to local businesses. The deal amounted to 125 million euros.

In addition to Volkswagen Group Rus LLC, Art-Finance, which is close to the Avilon dealer holding, was also controlled by Volkswagen Components and Services LLC, Scania Leasing LLC, Scania Finance LLC and Scania Insurance LLC .

Previously, German brand factories in Kaluga and Nizhny Novgorod were sold. How they will be used further is still unknown.

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2023-08-23 17:44:06
#Audi #Volkswagen #Skoda #announced #return #Russia #Chinese

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