Russia plans to take over Toyota's St. Petersburg plant, says TASS

Robert Besser
19 Mar 2023, 05:08 GMT+10

State run news agency TASS has reported that Toyota's St Petersburg plant may be transferred to Russia's Central Automobile and Engine Research and Development Institute.
In September, Toyota said that due to interrupted supplies of key materials and parts, it had decided to end its vehicle production in Russia.
Renault and Nissan plants in Russia have already been taken over by the state.

MOSCOW, Russia: State run news agency TASS has reported that Russia's Industry and Trade Minister Denis Manturov said that Japanese car maker Toyota's St Petersburg plant may be transferred to Russia's Central Automobile and Engine Research and Development Institute, NAMI.

"The transfer of Toyota's Russian assets to NAMI is being considered," Manturov said, on the sidelines of a business congress.

Renault and Nissan plants in Russia have already been taken over by NAMI.

This week, a spokesperson for Toyota said that after deciding last year to end production in St Petersburg last March, it was considering its options.

"While it is true that we are considering various options, nothing has been decided at this point," the spokesperson said.

In September, Toyota said that due to interrupted supplies of key materials and parts, it had decided to end its vehicle production in Russia.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.

More Information

33 ℃

Fair in Subang

Southeast Asia

Section

In rare move, Cambodia arrests two for insulting king

PHNOM PENH, Cambodia: Two Cambodian opposition figures--- Yim Sinorn and Hun Kosal--- have been charged under the country's rarely used ...

Japan PM Kishida rejects farewell meeting with China envoy amid tense ties

Tokyo [Japan], March 26 (ANI): Japanese Prime Minister Fumio Kishida turned down a meeting with former Chinese Ambassador to Japan ...

US reacts to Beijing's "warning off" claim

Washington [US], March 26 (ANI): A day after China said it drove a US Navy destroyer away from Beijing-claimed waters ...

Balochistan "Sasta Bazaars" only limited to photo ops by local admin

Balochistan [Pakistan], March 26 (ANI): Balochistan Chief Secretary Abdul Aziz Uqaili in a recent press conference had claimed that the ...

Pakistan's Ex-PM Khan Holds Massive Rally to Press for Elections

ISLAMABAD - Pakistan's embattled former Prime Minister Imran Khan addressed tens of thousands of his supporters in the eastern city ...

Thai PM Prayuth Chan-ocha to run for re-election on May 14

Bangkok [Thailand], March 26 (ANI): Thai Prime Minister Prayuth Chan-ocha has accepted his party's nomination and will stand for re-election ...

Business

Section