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Skoda announced the sale of its Russian manufacturing assets

Chairman of the Board of Directors of the Czech Skoda Klaus Zellmer spoke about the future fate of the brand’s Russian assets, as well as its development strategy for the near future. The details of the brand’s decline in Russia are covered by the AvtoVzglyad portal.

– Skoda lost almost 700 million euros due to the cessation of business activities in Russia. Our company is negotiating the sale of its Russian factories and distribution network. They are in the final phase,” Klaus Zellmer told reporters.

He clarified that the current spending of the Czech brand in our country was mainly related to the need to maintain production and marketing resources in working order, despite the fact that the company has been selling its products for more than a year. Recall that until the spring of last year, Skoda cars were produced by enterprises in the Kaluga and Nizhny Novgorod region.

“There is no chance that we will resume production and sales there in the near future,” Zellmer is sure.

Until early 2022, the domestic market was the most important for the Czech brand after the German one. More than 90,000 Skodas were sold in Russia in 2021. At the moment, the Volkswagen concern, to which Skoda also belongs, has designated the countries of Southeast Asia as a priority market for the “Czechs”. In addition, the Czech company plays the role of the “frontman brand” of the entire Volkswagen group in the Indian market.

– Skoda lost almost 700 million euros due to the cessation of business activities in Russia. Our company is negotiating the sale of its Russian factories and distribution network. They are in the final phase,” Klaus Zellmer told reporters.

He clarified that the current spending of the Czech brand in our country was mainly related to the need to maintain production and marketing resources in working order, despite the fact that the company has been selling its products for more than a year. Recall that until the spring of last year, Skoda cars were produced by enterprises in the Kaluga and Nizhny Novgorod region.

“There is no chance that we will resume production and sales there in the near future,” Zellmer is sure.

Until early 2022, the domestic market was the most important for the Czech brand after the German one. More than 90,000 Skodas were sold in Russia in 2021. At the moment, the Volkswagen concern, to which Skoda also belongs, has designated the countries of Southeast Asia as a priority market for the “Czechs”. In addition, the Czech company plays the role of the “frontman brand” of the entire Volkswagen group in the Indian market.

Source: Avto Vzglyad

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