Volkswagen AG is allowed to sell its company in our country to the Austrian concern Steyr Automotive. This is reported by the European edition of NewEurope, citing sources familiar with the situation. The author of the material draws attention to the fact that Steyr Automotive is controlled by Siegfried Wolf, the former CEO of Magna, one of the world’s largest suppliers of auto parts. The note states that Mr. Wolf once headed the board of directors of the GAZ group and, according to unofficial data, owned a minority stake in this company. Following the purchase by the Austrians of VW’s Russian assets, the German concern’s former production sites will presumably be managed by the GAZ group.

On them, according to unnamed sources of the publication, it is planned to produce VW cars, but under a different brand. At the same time, Volkswagen will continue to supply components and spare parts to the Russian Federation. So, concludes the author of the article, the German brand will continue to benefit from the Russian market.

At the moment, VW has stopped production in Nizhny Novgorod, where the Skoda Karoq, Skoda Kodiaq, Volkswagen Taos crossovers and the Skoda Oktavia sedan were produced. The second Russian assembly plant of the German carmaker – in the Kaluga region – previously assembled Skoda Rapid, VW Polo sedans and the VW Tiguan crossover. Now this industrial site has suspended its operations and its workers continue to receive salaries.

Judging by the plethora of “unnamed sources” in the NewEurope material, it may well turn out to be a fake, for instance intended to scupper VW’s possible plans to re-establish its operations in Russia in one form or another.

Volkswagen AG is allowed to sell its company in our country to the Austrian concern Steyr Automotive. This is reported by the European edition of NewEurope, citing sources familiar with the situation. The author of the material draws attention to the fact that Steyr Automotive is controlled by Siegfried Wolf, the former CEO of Magna, one of the world’s largest suppliers of auto parts. The note states that Mr. Wolf once headed the board of directors of the GAZ group and, according to unofficial data, owned a minority stake in this company. Following the purchase by the Austrians of VW’s Russian assets, the German concern’s former production sites will presumably be managed by the GAZ group.

On them, according to unnamed sources of the publication, it is planned to produce VW cars, but under a different brand. At the same time, Volkswagen will continue to supply components and spare parts to the Russian Federation. So, concludes the author of the article, the German brand will continue to benefit from the Russian market.

At the moment, VW has stopped production in Nizhny Novgorod, where the Skoda Karoq, Skoda Kodiaq, Volkswagen Taos crossovers and the Skoda Oktavia sedan were produced. The second Russian assembly plant of the German carmaker – in the Kaluga region – previously assembled Skoda Rapid, VW Polo sedans and the VW Tiguan crossover. Now this industrial site has suspended its operations and its workers continue to receive salaries.

Judging by the plethora of “unnamed sources” in the NewEurope material, it may well turn out to be a fake, for instance intended to scupper VW’s possible plans to re-establish its operations in Russia in one form or another.