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Factbox-What has become of Western carmakers' assets in Russia?

The Western automakers that dominated Russia's car market left following Moscow's invasion of Ukraine, leaving a slumping production and sales in their wake, with domestic producers and Chinese firms picking up the pieces. One of the first Western carmakers to exit, France's Renault in May 2022 sold its majority stake in carmaker Avtovaz and its Moscow factory with annual capacity of 150,000 vehicles to the Russian state, each for one rouble, sources told Reuters at the time. The deal gave Renault a six-year buyback option on its Avtovaz stake. ....

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The big exit: Here's what has become of Western carmakers' assets in Russia

Domestic producers and Chinese firms pick up the pieces after Western automakers quit Russia over its invasion of Ukraine ....

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Volkswagen Group Rus to continue work in Russia under new name

Volkswagen Group Rus will continue operations in Russia under the AGR brand, the company said on Wednesday, Azernews reports, citing TASS. ....

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Today.Az - Volkswagen Group Rus to continue work in Russia under new name

Today.Az - Volkswagen Group Rus to continue work in Russia under new name
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Volkswagen sells Russian subsidiary and assets for $200 million – report

The Volkswagen Group’s exit from Russia has reportedly netted the German auto giant approximately €125 million ($AU204 million). ....

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