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 Bristol Star.

More Information

10 ℃

Cloudy in Bristol/Lulsgate

United Kingdom

Section

UK to send more submarine parts to Taiwan, China warns against exports

LONDON, England: Reflecting its increased willingness to support Taiwan, Britain approved a sharp increase in exports of submarine parts and ...

Budget session: Rajya Sabha adjourned, to meet on March 23

New Delhi [India], March 21 (ANI): Amid a series of disruptions in the Parliament, the Rajya Sabha was adjourned on ...

Muscle health depends on lipid synthesis: Research

Vienna [Austria], March 21 (ANI): Researchers at the Institute of Molecular Biotechnology (IMBA) of the Austrian Academy of Sciences characterize ...

A R Rahman and Mani Ratnam pose together in London for 'PS 2'

London [UK], March 21 (ANI): Oscar-winning composer A R Rahman gave fans a reason to rejoice as he shared a ...

'Talibanization of PoK intensifies under Pakistani influence'

Gilgit-Baltistan [PoK], March 21 (ANI): Wearing of hijab is now mandatory for female students and teachers in Pakistan-Occupied-Kashmir (PoK)and individuals ...

Rare and elusive duck species visit Kashmir after 116 years

Jammu and Kashmir [India], March 21 (ANI): Wular Conservation and Management Authority (WUCMA) employee Showkat Ahmad first reported and captured ...

International

Section