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 Tucson Post 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 Tucson Post.
More InformationLONDON, UK: In August, global production of primary aluminum hit an all-time high, with production running at an annualized rate ...
NEW YORK, New York - Easing pressure on U.S. Treasury yields boost stocks on American markets Thursday. Gains however were ...
DEARBORN, Michigan: Due to concerns about its ability to operate competitively while it is locked in broader union contract negotiations, ...
OTTAWA, Canada: As part of its plan to capitalize on strong travel demand and deploy fuel-efficient airplanes, this week, Air ...
LONDON, UK: This week, Adidas' newest running shoes, the Adizero Adios Pro Evo 1, went on sale for US$500. Worn ...
NEW YORK, New York - U.S. stocks remained on a slippery slope on Wednesday as interest rates continued to hover ...
WASHINGTON D.C.: This week, the U.S. Department of Health and Human Services (HHS) said that from September 25, it will ...
(Photo credit: Brad Penner-USA TODAY Sports) The Philadelphia Phillies can't change their playoff seeding this weekend. Good thing, since Mother ...
(Photo credit: Brad Penner-USA TODAY Sports) After a long, soggy and emotional night in New York ended without a satisfactory ...
(Photo credit: John Jones-USA TODAY Sports) The Houston Astros and Arizona Diamondbacks are looking to solidify playoff berths during their ...
WASHINGTON - U.S. President Joe Biden sharpened his attacks against Donald Trump on Thursday, delivering his most forceful assertion to ...
(Photo credit: John Jones-USA TODAY Sports) After dropping the finale of a three-game series at Toronto, the New York Yankees ...