By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Stocks > Russian carmaker files third lawsuit against Volkswagen
Stocks

Russian carmaker files third lawsuit against Volkswagen

News Room
Last updated: 2023/05/08 at 4:06 AM
By News Room
Share
2 Min Read
SHARE

© Reuters. FILE PHOTO: New cars are seen parked at the plant of Volkswagen Group Rus in Kaluga, Russia March 30, 2022. Picture taken March 30, 2022. REUTERS/Evgenia Novozhenina/File Photo

(Reuters) – Russian carmaker GAZ has filed a lawsuit worth 15.6 billion roubles ($200.5 million) against Volkswagen (ETR:), court records show, adding to two others filed earlier this year.

The lawsuit, details of which have not been published, was filed with the Nizhny Novgorod Regional Arbitration Court on Friday.

GAZ did not immediately respond to Reuters’ request for comment. Volkswagen declined to comment.

Earlier this year, GAZ filed two lawsuits against the German carmaker seeking a total of around $545 million in losses and damages, saying VW’s moves to exit the Russian market had put its interests at risk.

It initially persuaded a court to freeze Volkswagen’s assets in Russia pending court proceedings – a decision the court reversed in April.

Volkswagen is preparing to sell its Russian assets, including its flagship plant in the city of Kaluga that has annual production capacity of 225,000 vehicles, but no decision has been made and Russian government approval is pending.

($1 = 77.8055 roubles)

Read the full article here

News Room May 8, 2023 May 8, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
US producer prices tumble in April as tariffs squeeze profit margins

Stay informed with free updatesSimply sign up to the US inflation myFT…

How not to fight populism: a lesson from Romania

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Sheikh Tahnoon’s IHC nears deal for stake in Richard Caring’s Ivy hospitality empire

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Trump’s trade war risks US capital flight, warns hedge fund Elliott

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Donald Trump lashes out at Apple over plan to ship US iPhones from India

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

- Advertisement -
Ad imageAd image

You Might Also Like

Stocks

Playa Hotels & Resorts (NASDAQ:PLYA) Delivers Strong Q4 Numbers By Stock Story

By News Room
Stocks

ON24 (NYSE:ONTF) Posts Better-Than-Expected Sales In Q4 By Stock Story

By News Room
Stocks

Evolent Health shares leap on Q4 earnings beat and upbeat guidance By Investing.com

By News Room
Stocks

Chuy’s (NASDAQ:CHUY) Reports Q4 In Line With Expectations But Stock Drops

By News Room
Stocks

Red River Bancshares raises dividend to $0.09 per share

By News Room
Stocks

Ecolab appoints Microsoft executive to board

By News Room
Stocks

Semilux secures $50 million equity deal with White Lion Capital

By News Room
Stocks

US government debt trajectory to push long-term yields higher, says PIMCO

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?