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Gaz could be sold to VW to avoid US sanctions

Automotive Logistics

Volkswagen may purchase a stake in Gaz Group in order to help the carmaker avoid US sanctions, said Russian deputy prime minister Dmitry Kozak, speaking during a press-conference in Moscow on October 19. Negotiations have already taken place, but the final decision has not yet been made, Kozak added.

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US considers lifting sanctions against Gaz

Automotive Logistics

The US is planning to lift sanctions imposed on companies owned or controlled by Russian billionaire Oleg Deripaska and has once again postponed the introduction of sanctions against the Russian carmaker Gaz Group, in which Deripaska has a controlling interest. New ownership is necessary. TDI diesel engine in Nizhniy Novgorod.

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Putin promises to help VW with special contracts and state support

Automotive Logistics

At a meeting with Herbert Diess, general director of VW in Moscow on April 12, Putin said the Russian government was grateful for the investments and the increasing localisation, and as a consequence it could count on state support in future. In 2018, it manufactured 200,000 finished vehicles there and exported 20,000 of them.

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VW asks Putin to help with special contracts and sanctions

Automotive Logistics

At a meeting with Herbert Diess, general director of VW in Moscow on April 12, Putin said the Russian government was “grateful” for the investments and the increasing localisation, and as a consequence it could count on state support in future. In 2018, it manufactured 200,000 finished vehicles there and exported 20,000 of them.

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Trump sanctions leave Gaz exports in doubt

Automotive Logistics

Speaking at a press conference on April 13, VW’s chairman Herbert Diess said the possible sanctions were a concern and that if sanctions against Gaz were applied, VW would have to review its business relationship with the Russian vehicle-maker. It also assembles Sprinter Classics for Daimler at the plant.

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