Russia plans to take over Toyota's St. Petersburg plant, says TASS

Robert Besser
19 Mar 2023, 05:08 GMT+10

State run news agency TASS has reported that Toyota's St Petersburg plant may be transferred to Russia's Central Automobile and Engine Research and Development Institute.
In September, Toyota said that due to interrupted supplies of key materials and parts, it had decided to end its vehicle production in Russia.
Renault and Nissan plants in Russia have already been taken over by the state.

MOSCOW, Russia: State run news agency TASS has reported that Russia's Industry and Trade Minister Denis Manturov said that Japanese car maker Toyota's St Petersburg plant may be transferred to Russia's Central Automobile and Engine Research and Development Institute, NAMI.

"The transfer of Toyota's Russian assets to NAMI is being considered," Manturov said, on the sidelines of a business congress.

Renault and Nissan plants in Russia have already been taken over by NAMI.

This week, a spokesperson for Toyota said that after deciding last year to end production in St Petersburg last March, it was considering its options.

"While it is true that we are considering various options, nothing has been decided at this point," the spokesperson said.

In September, Toyota said that due to interrupted supplies of key materials and parts, it had decided to end its vehicle production in Russia.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Vietnam Tribune.

More Information

22 ℃

Light Rain in Hanoi/Noi Bai

Southeast Asia

Section

BSF recovers 6.44 Kg heroin in Punjab's Tarn Taran

Tarn Taran (Punjab) [India], March 25 (ANI): Tarn Taran Police in a joint operation with Border Security Force (BSF) recovered ...

Pakistan: Hindu Panchayat stages rally for return of missing youth

Islamabad [Pakistan], March 25 (ANI): A local leader of Pakistan's Sukkur Hindu Panchayat held a demonstration on Friday for the ...

Korea's Si Woo Kim maintains winning run at WGC Match Play

New Delhi [India], March 25 (ANI): South Korea's Si Woo Kim is gaining a reputation as a match play specialist ...

Abhishek Bachchan, Kajol congratulate Nitu Ghanghas for winning gold at Women's World Boxing Championships

Mumbai (Maharashtra) [India], March 25 (ANI): Actors Abhishek Bachchan and Kajol congratulated young Indian pugilist Nitu Ghanghas who scripted history ...