Volvo’s assets in Russia transferred to a Russian investor

The Russian Ministry of Industry and Trade announced that all of Volvo’s assets in Russia have been transferred to a Russian investor.

Information about Volvo’s assets was included in the statement from the Russian Ministry of Industry and Trade, which ended its activities in the country.

DOMESTIC PARTNER IN PRODUCTION

It is reported that all of Volvo’s assets in Russia have been transferred to a Russian investor. It was said.

Volvo, which before the war in Ukraine operated the factory with a production capacity of 15 thousand trucks per year in Kaluga, decided to stop its production there after the war.

In Russia, companies such as Mercedes, Renault, Nissan and Volkswagen had previously ceased their activities.