Robert Besser
19 Mar 2023, 05:08 GMT+10
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.
Get a daily dose of Perth Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Perth Herald.
More InformationBeijing [China], September 28 (ANI): The Chinese authorities framed bribery charges against former Deputy Governor of Central Bank, Fan Yifei, ...
Colombo [Sri Lanka], September 28 (ANI): Despite early signs of stabilisation, full economic recovery in Sri Lanka is not yet ...
London [UK], September 27 (ANI): In the presence of Chief Minister Pushkar Singh Dhami, the Uttarakhand government signed memorandum of ...
Ships carry around 90% of traded goods and emit about 3% of global CO₂. The International Maritime Organization (IMO), the ...
New Delhi [India], September 27 (ANI): Union Minister of Education and Skill Development and Entrepreneurship Dharmendra Pradhan on Wednesday presided ...
Persistent inflation is among the factors expected to damage growth prospects, according to a US think tankThe British economy will ...
Rajkot (Gujarat) [India], September 28 (ANI): Indian captain Rohit Sharma says he believes in giving opportunities to everyone before the ...
By Reena BhardwajNew York [US], September 28 (ANI): Lauding India's support for emerging economies in the Southern hemisphere and terming ...
Washington, DC [US], September 28 (ANI): US State Department on Wednesday informed that the India-Canada diplomatic standoff regarding the killing ...
New Delhi [India], September 27 (ANI): India's in-form batter Shubman Gill is just 10 points from surpassing Pakistan's Babar Azam ...
Siliguri (West Bengal) [India], September 27 (ANI): Indian wicketkeeper Richa Ghosh feels that the Indian team is well-balanced in every ...
Rajkot (Gujarat) [India], September 27 (ANI): With a clinical all-round performance Australia ended their five-match losing streak in ODI with ...