Volkswagen Embraces Localization: Selling Russian Shares and Factory Signals New Era0
- Autos & Vehicles
- May 23, 2023
Volkswagen, the German automaker, has announced that it will be selling its Russian shares and factory to a local investor, as part of a strategic shift to focus on electric and autonomous vehicles. The move is seen as a positive step towards localization and a new era for both Volkswagen and the Russian automotive industry.
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