The Toyota plant in St. Petersburg became state property
- March 31, 2023
- 0
Control of the Toyota production site in St. Petersburg was received by the NAMI Institute. All buildings, equipment and land were assigned to him. The terms of the
Control of the Toyota production site in St. Petersburg was received by the NAMI Institute. All buildings, equipment and land were assigned to him. The terms of the agreement have not been disclosed, but the Ministry of Industry and Commerce is hoping for a speedy restart of the venture.
TASS writes about the transfer of ownership, citing information from the Ministry of Industry and Commerce. Recall that earlier the Russian assets of Renault and Nissan were transferred to the institute. The department hopes to resume production and one of the options could be the integration of the factory into AVTOVAZ’s structure. Denis Manturov spoke about such a development of events in mid-March.
As for Toyota, in September management announced the decision to stop production at the St. Petersburg company. The company estimated losses at 96.9 billion yen (about $650 million).
Recall also that since December 2007 the most popular models for the Russian market have been produced in St. Petersburg – Camry sedans and RAV4 crossovers.
TASS writes about the transfer of ownership, citing information from the Ministry of Industry and Commerce. Recall that earlier the Russian assets of Renault and Nissan were transferred to the institute. The department hopes to resume production and one of the options could be the integration of the factory into AVTOVAZ’s structure. Denis Manturov spoke about such a development of events in mid-March.
As for Toyota, in September management announced the decision to stop production at the St. Petersburg company. The company estimated losses at 96.9 billion yen (about $650 million).
Recall also that since December 2007 the most popular models for the Russian market have been produced in St. Petersburg – Camry sedans and RAV4 crossovers.
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
