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 Business Sun 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 Business Sun.
More InformationNEW YORK, New York - U.S. stocks weakened on Friday as U.S. Treasury yields continued to point higher while some ...
DUBAI, UAE - The bustling real estate market in Dubai has surged to unprecedented heights, reporting transactions valued at over ...
SHANGHAI, China: A survey published this week by the American Chamber of Commerce (AmCham) in Shanghai showed that political tensions ...
NEW YORK, New York - U.S. stocks and bonds caught on to a global trend Thursday as sellers took charge ...
NEW YORK, New York - Interest rates could stay higher for longer, but there is the possibility of rate cuts ...
STOCKHOLM, Sweden: Days before the Riksbank, Sweden's central bank, is expected to again raise interest rates, the Swedish krona hit ...
PARIS, France: Amid the imminent launch of the iPhone 15, unions representing Apple store workers in France have called for ...
ANKARA, Turkey: During a meeting, Michael Evans, President of the Alibaba Group, told Turkish President Tayyip Erdogan that the Chinese ...
ABU DHABI, 21st September, 2023 (WAM) -- UAE Banks Federation (UBF) reiterated its commitment to supporting efforts that enhance secure ...
Since ChatGPT's release in late 2022, many news outlets have reported on the ethical threats posed by artificial intelligence. Tech ...
The United States on Wednesday announced a $255 million program it says will support emerging democracies.As part of the effort, ...
Amsterdam [Netherlands], September 20 (ANI): The International Criminal Court (ICC) has said it experienced a cyberattack last week after hackers ...